Chewy, Inc. announced on February 24, 2026 that Chris Deppe will become the company’s Chief Financial Officer, effective February 23, 2026. Deppe succeeds the previous finance leadership, whose name was not disclosed in the announcement.
Deppe brings a decade of experience from Amazon, where he held senior finance roles in global transportation and fulfillment operations. At Chewy, he has served as Vice President of Supply Chain and Operations Finance and Head of Corporate and Commercial Finance Functions, where he led cost‑optimization initiatives and financial planning for large‑scale logistics operations.
Chewy’s most recent quarterly results show a steady revenue trajectory and improving profitability. In the quarter ended February 2, 2025, net sales rose 14.9% to $3.25 billion, gross margin increased to 28.5%, and net income reached $22.8 million. The full‑year 2024 results posted net sales of $11.86 billion, a 6.4% increase, with a 29.2% gross margin and diluted EPS of $0.91. In the quarter ended May 4, 2025, net sales were $3.12 billion, up 8.3% year‑over‑year, and net income climbed to $62.4 million, with diluted EPS of $0.15. Chewy’s Autoship program, which accounts for more than 80% of net sales, continues to drive recurring revenue growth.
"Chris is a proven finance leader who delivers results, builds strong partnerships, and executes with discipline. His deep institutional knowledge and relentless focus on performance position us well to drive durable, profitable, capital‑efficient growth," said CEO Sumit Singh. Deppe added, "Together with our talented teams, we will remain focused on disciplined execution, strengthening our financial foundation, and delivering sustainable long‑term value for our customers, partners, and shareholders."
Chewy’s management reaffirmed its fiscal‑year 2025 guidance, stating the company is "on track toward the long‑term margin profile of 10% Adjusted EBITDA." The firm reiterated its adjusted EBITDA margin target for FY25 at 5.6%–5.7%, with a long‑term goal of 10%.
Analysts have responded positively to the CFO appointment, with Raymond James upgrading Chewy to Outperform and Mizuho following suit. Piper Sandler maintained an Overweight rating but noted concerns about the company’s 2026 guidance and stock underperformance. The appointment is viewed as a step toward strengthening financial discipline amid ongoing market scrutiny.
Chewy is investing in fulfillment center automation, expanding its veterinary care services, and growing its advertising product suite, all aimed at enhancing operational efficiency and revenue diversification. The new CFO’s background in large‑scale cost optimization and strategic finance positions the company to execute on these initiatives while maintaining disciplined capital allocation.
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