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CHEWY REPORTS DISPOSITION BY GENERAL COUNSEL HELFRICK (Florida)

Chewy Snapshot: 2023 initiatives announced, including automation of five fulfillment centers to handle 30% of volume, launching full sponsored ads program to attract high-margin revenues and passing on incremental costs, inflation in pricing

Purina Pro Plan Veterinary Diets to support American Veterinary Medical Foundation's REACH program for vets who provide immediate care for financially struggling owners; Purina to donate US$1 for each purchase made on its VetDirect website until June 30

Wedbush upgrades Chewy to outperform from neutral, citing acceleration of active customers, improved EBITDA margins as company turns the corner; in face of macroheadwinds, pet sector should remain resilient, driven by demand for consumables like pet food

Merck Animal Health receives US FDA approval of expanded indication for BRAVECTO Chews for dogs, which offer broad-spectrum parasite protection; new indication treats, controls Asian longhorned ticks, which are found across more than one-third of the US

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