A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019.
Michael Nagle | Bloomberg | Getty Images
Chewy said on Thursday it generated $1.1 billion in sales in its first quarter, recording a net loss of $29.6 million.
Chewy, founded in 2011 by Ryan Cohen and Michael Day, calls itself the “largest pure-play pet e-tailer in the United States.” It has distinguished itself from many of its competitors with customer service that includes 24/7 access and two-day shipping of online orders.
PetSmart, which is backed by private equity firm BC Partners, acquired Chewy in 2017 for $3 billion.
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