12:14 PM EDT, 10/30/2025 (MT Newswires) -- Chewy (CHWY) said Thursday that it signed a definitive deal to acquire SmartEquine from Covetrus through an all-cash transaction.

No financial details were provided.

Chewy said it plans to finance the deal with its existing balance sheet and expects to close the acquisition in its fiscal Q4 period.

The acquisition is expected to accelerate Chewy's expansion into higher-margin health and wellness markets and improve its position in the equine sector, according to the statement.

Shares of Chewy were up more than 2% in recent Thursday trading.

Price: 34.51, Change: +0.93, Percent Change: +2.77