NYSE:CHWYSpecialty Retail
Chewy Expands Vet Clinics And Buybacks In Bid For Pet Care Scale
Chewy (NYSE:CHWY) is acquiring Modern Animal, a veterinary platform with nearly 30 clinics, to expand its pet health services footprint.
The deal will more than double Chewy's clinic presence and introduce additional technology driven service models and recurring revenue streams.
Chewy is also increasing its share repurchase authorization by $500 million, signaling management's confidence in the company's direction.
For investors tracking NYSE:CHWY, this move comes as the stock trades...