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Benzinga’s latest Stock Wars matches up two leaders in a major industry sector, allowing readers to decide which company is the better investment.
This week, the duel is between major players in the pet supplies sector:
Petco Health + Wellness Company, Inc. (NASDAQ: WOOF) and
Chewy Inc (NYSE: CHWY).
The Case for Petco: Petco started in 1965 as a mail-order veterinary supplies business. It was acquired in 2000 by Leonard Green & Partners and TPG Capital, and nearly merged with its privately-owned rival PetSmart in 2015, but the deal fell through. Instead, the company was acquired by CVC Capital Partners and the Canada Pension Plan Investment Board in November 2015 for $4.6 billion.
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