Chewy" in June 2011 by Ryan Cohen and Michael Day. The company hired former employees and executives from Amazon, PetSmart, Whole Foods Market, and Wayfair. ... Chewy was acquired by PetSmart in May 2017 for $3.35 billion, which at the time was the largest ever acquisition of an e-commerce business.

Is Amazon a threat to Chewy?

Amazon poses a major threat to PetSmart-owned Chewy in the online pet-food space, according to a report by Wedbush Securities. Amazon's size and large balance sheet have enabled it to offer steeper discounts on first-time orders, Wedbush found by studying 80 pet food products offered by both companies.

Is Chewy a buy for 2021?

Key Points. Chewy is now trading at a forward price-to-sales ratio of 3.4. Chewy's gross profit margin has expanded from 16.6% in 2016 to 25.5% in 2021. Revenue growth may decelerate as economies are reopening, but the long-run trajectory remains upward.