Chewy (CHWY) 10-Q 9 Dec 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Oct. 31, 2021	Dec. 02, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Period End Date	Oct. 31, 2021
Document Transition Report	false
Entity File Number	001-38936
Entity Registrant Name	CHEWY, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	90-1020167
Entity Address, Address Line One	1855 Griffin Road
Entity Address, Address Line Two	Suite B-428
Entity Address, City or Town	Dania Beach
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33004
City Area Code	786
Local Phone Number	320-7111
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	CHWY
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Fiscal Period Focus	Q3
Fiscal Year Focus	2021
Entity Central Index Key	0001766502
Current Fiscal Year End Date	--01-30
Common Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		106,791,120
Common Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		311,188,356

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Current assets:
Cash and cash equivalents	$ 726,919	$ 563,345
Accounts receivable	128,713	100,699
Inventories	606,594	513,304
Prepaid expenses and other current assets	61,896	49,430
Total current assets	1,524,122	1,226,778
Property and equipment, net	317,729	210,017
Operating lease right-of-use assets	341,900	297,213
Other non-current assets	11,732	6,902
Total assets	2,195,483	1,740,910
Current liabilities:
Trade accounts payable	1,015,684	778,365
Accrued expenses and other current liabilities	703,005	602,497
Total current liabilities	1,718,689	1,380,862
Operating lease liabilities	378,625	328,231
Other long-term liabilities	32,149	33,821
Total liabilities	2,129,463	1,742,914
Commitments and contingencies (Note 4)
Stockholders’ equity (deficit):
Preferred stock, $0.01 par value per share, 5,000,000 shares authorized, no shares issued and outstanding as of October 31, 2021 and January 31, 2021	0	0
Additional paid-in capital	2,009,007	1,930,804
Accumulated deficit	(1,947,166)	(1,936,958)
Total stockholders’ equity (deficit)	66,020	(2,004)
Total liabilities and stockholders’ equity (deficit)	2,195,483	1,740,910
Common Class A
Stockholders’ equity (deficit):
Common stock, value	1,067	977
Common Class B
Stockholders’ equity (deficit):
Common stock, value	$ 3,112	$ 3,173

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 31, 2021	Jan. 31, 2021
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common Class A
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	1,500,000,000	1,500,000,000
Common stock, issued (in shares)	106,728,159	97,708,518
Common stock, outstanding (in shares)	106,728,159	97,708,518
Common Class B
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	395,000,000	395,000,000
Common stock, issued (in shares)	311,188,356	317,338,356
Common stock, outstanding (in shares)	311,188,356	317,338,356

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Nov. 01, 2020	Oct. 31, 2021	Nov. 01, 2020
Income Statement [Abstract]
Net sales	$ 2,212,161	$ 1,782,000	$ 6,502,375	$ 5,103,252
Cost of goods sold	1,627,320	1,327,442	4,734,304	3,836,629
Gross profit	584,841	454,558	1,768,071	1,266,623
Operating expenses:
Selling, general and administrative	466,434	352,250	1,310,326	1,015,488
Advertising and marketing	150,335	134,616	466,738	363,200
Total operating expenses	616,769	486,866	1,777,064	1,378,688
Loss from operations	(31,928)	(32,308)	(8,993)	(112,065)
Interest expense, net	(313)	(539)	(1,215)	(1,469)
Loss before income tax provision	(32,241)	(32,847)	(10,208)	(113,534)
Income tax provision	0	0	0	0
Net loss	$ (32,241)	$ (32,847)	$ (10,208)	$ (113,534)
Net loss per share attributable to common Class A and Class B stockholders, basic (in dollars per share)	$ (0.08)	$ (0.08)	$ (0.02)	$ (0.28)
Net loss per share attributable to common Class A and Class B stockholders, diluted (in dollars per share)	$ (0.08)	$ (0.08)	$ (0.02)	$ (0.28)
Weighted average common shares used in computing net loss per share attributable to common Class A and Class B stockholders, basic (in shares)	417,847	409,260	416,587	405,014
Weighted average common shares used in computing net loss per share attributable to common Class A and Class B stockholders, diluted (in shares)	417,847	409,260	416,587	405,014

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) shares in Thousands, $ in Thousands	Total	Class A and Class B Common Stock	Additional Paid-in Capital	Accumulated Deficit
Balance at beginning of period (in shares) at Feb. 02, 2020		401,368
Balance at beginning of period at Feb. 02, 2020	$ (403,974)	$ 4,014	$ 1,436,484	$ (1,844,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class A common stock, net of offering costs (in shares)		5,865
Issuance of Class A common stock, net of offering costs	318,416	$ 59	318,357
Share-based compensation expense	100,188		100,188
Vesting of share-based compensation awards (in shares)		5,193
Vesting of share-based compensation awards	0	$ 51	(51)
Distribution to parent (in shares)		187
Distribution to parent	0	$ 2	(2)
Contribution from PetSmart	975		975
Tax sharing agreement with related parties	41,508		41,508
Net loss	(113,534)			(113,534)
Balance at end of period (in shares) at Nov. 01, 2020		412,613
Balance at end of period at Nov. 01, 2020	(56,421)	$ 4,126	1,897,459	(1,958,006)
Balance at beginning of period (in shares) at Aug. 02, 2020		406,566
Balance at beginning of period at Aug. 02, 2020	(377,612)	$ 4,066	1,543,481	(1,925,159)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class A common stock, net of offering costs (in shares)		5,865
Issuance of Class A common stock, net of offering costs	318,416	$ 59	318,357
Share-based compensation expense	24,808		24,808
Vesting of share-based compensation awards (in shares)		182
Vesting of share-based compensation awards	0	$ 1	(1)
Contribution from PetSmart	325		325
Tax sharing agreement with related parties	10,489		10,489
Net loss	(32,847)			(32,847)
Balance at end of period (in shares) at Nov. 01, 2020		412,613
Balance at end of period at Nov. 01, 2020	(56,421)	$ 4,126	1,897,459	(1,958,006)
Balance at beginning of period (in shares) at Jan. 31, 2021		415,046
Balance at beginning of period at Jan. 31, 2021	(2,004)	$ 4,150	1,930,804	(1,936,958)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	63,688		63,688
Vesting of share-based compensation awards (in shares)		2,776
Vesting of share-based compensation awards	0	$ 28	(28)
Distribution to parent (in shares)		93
Distribution to parent	0	$ 1	(1)
Tax sharing agreement with related parties	14,544		14,544
Net loss	(10,208)			(10,208)
Balance at end of period (in shares) at Oct. 31, 2021		417,915
Balance at end of period at Oct. 31, 2021	66,020	$ 4,179	2,009,007	(1,947,166)
Balance at beginning of period (in shares) at Aug. 01, 2021		417,762
Balance at beginning of period at Aug. 01, 2021	75,053	$ 4,178	1,985,800	(1,914,925)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	18,804		18,804
Vesting of share-based compensation awards (in shares)		153
Vesting of share-based compensation awards	0	$ 1	(1)
Tax sharing agreement with related parties	4,404		4,404
Net loss	(32,241)			(32,241)
Balance at end of period (in shares) at Oct. 31, 2021		417,915
Balance at end of period at Oct. 31, 2021	$ 66,020	$ 4,179	$ 2,009,007	$ (1,947,166)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2021	Nov. 01, 2020
Cash flows from operating activities
Net loss	$ (10,208)	$ (113,534)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	38,141	24,598
Share-based compensation expense	63,688	100,188
Non-cash lease expense	24,467	18,020
Other	434	223
Net change in operating assets and liabilities:
Accounts receivable	(28,014)	(17,442)
Inventories	(93,290)	(164,841)
Prepaid expenses and other current assets	(42,462)	(11,581)
Other non-current assets	(3,635)	(204)
Trade accounts payable	237,319	86,385
Accrued expenses and other current liabilities	88,010	123,232
Operating lease liabilities	(14,792)	(11,415)
Other long-term liabilities	(1,952)	21,659
Net cash provided by operating activities	257,706	55,288
Cash flows from investing activities
Capital expenditures	(135,714)	(100,258)
Cash advances provided to PetSmart, net of reimbursements	0	(1,767)
Other	0	(2,000)
Net cash used in investing activities	(135,714)	(104,025)
Cash flows from financing activities
Proceeds from issuance of common stock, net of offering costs	0	318,775
Proceeds from tax sharing agreement with related parties	43,714	23,213
Payment of debt issuance costs	(1,440)	0
Contribution from PetSmart	0	975
Principal repayments of finance lease obligations	(692)	(486)
Net cash provided by financing activities	41,582	342,477
Net increase in cash and cash equivalents	163,574	293,740
Cash and cash equivalents, as of beginning of period	563,345	212,088
Cash and cash equivalents, as of end of period	$ 726,919	$ 505,828

Description of Business

Description of Business	9 Months Ended
	Oct. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Chewy, Inc. and its wholly-owned subsidiaries (collectively “Chewy” or the “Company”) is a pure play e-commerce business geared toward pet products for dogs, cats, fish, birds, small pets, horses, and reptiles. Chewy serves its customers through its retail website, www.chewy.com, and its mobile applications and focuses on delivering exceptional customer service, competitive prices, outstanding convenience (including Chewy’s Autoship subscription program, fast shipping, and hassle-free returns), and a large selection of high-quality pet food, treats and supplies, and pet healthcare products. During the fiscal year ended January 31, 2021, the Company was controlled by PetSmart LLC (“PetSmart”). PetSmart is wholly-owned by a consortium including private investment funds advised by BC Partners, La Caisse de dépôt et placement du Québec, affiliates of GIC Special Investments Pte Ltd, affiliates of StepStone Group LP and funds advised by Longview Asset Management, LLC (collectively, the “Sponsors”), and controlled by affiliates of BC Partners. On February 12, 2021, PetSmart completed a refinancing transaction and in connection with such transaction all shares of the Company’s common stock held by PetSmart and its subsidiaries were distributed to affiliates of BC Partners. Subsequent to the distribution, PetSmart no longer directly or indirectly owns any shares of the Company’s common stock.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements and related notes include the accounts of Chewy, Inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. The unaudited condensed consolidated financial statements and notes thereto of Chewy, Inc. have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting and, therefore, omit or condense certain footnotes and other information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) accounting standards codification. In the opinion of management, all adjustments necessary for a fair statement of the financial information, which are of a normal and recurring nature, have been made for the interim periods reported. Results of operations for the quarterly period ended October 31, 2021 are not necessarily indicative of the results for the entire fiscal year. The unaudited condensed consolidated financial statements and notes thereto included in this Quarterly Report on Form 10-Q for the quarterly period ended October 31, 2021 (“10-Q Report”) should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2021 (“10-K Report”). Fiscal Year The Company has a 52- or 53-week fiscal year ending each year on the Sunday that is closest to January 31 of that year. The Company’s 2021 fiscal year ends on January 30, 2022 and is a 52-week year. The Company’s 2020 fiscal year ended January 31, 2021 and was a 52-week year. Reclassification As the Company is no longer a subsidiary of PetSmart, balances due from and due to PetSmart have been included on a net basis within prepaid expenses and other current assets on the condensed consolidated balance sheets; corresponding amounts for prior periods have been reclassified to conform to the current period’s presentation. Significant Accounting Policies Other than policies noted herein or within Recent Accounting Pronouncements below, there have been no significant changes from the significant accounting policies disclosed in Note 2 of the “Notes to Consolidated Financial Statements” included in the 10-K Report. Use of Estimates GAAP requires management to make certain estimates, judgments, and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates these estimates and judgments. Actual results could differ from those estimates. Key estimates relate primarily to determining the net realizable value and demand for inventory, useful lives associated with property and equipment, valuation allowances with respect to deferred tax assets, contingencies, self-insurance accruals, evaluation of sales tax positions, and the valuation and assumptions underlying share-based compensation. On an ongoing basis, management evaluates its estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities. Accrued Expenses and Other Current Liabilities The following table presents the components of accrued expenses and other current liabilities (in thousands): As of October 31, 2021 January 31, 2021 Outbound fulfillment $ 343,076 $ 310,700 Advertising and marketing 105,979 85,835 Payroll liabilities 59,478 72,467 Accrued expenses and other 194,472 133,495 Total accrued expenses and other current liabilities $ 703,005 $ 602,497 Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value: Level 1-Valuations based on quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2-Valuations based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3-Valuations based on unobservable inputs reflecting the Company’s assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. The Company considers all highly liquid investments with an original maturity of 90 days or less to be cash equivalents. Cash equivalents are carried at cost, which approximates fair value and are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The following is a summary of cash and cash equivalents (in thousands): As of October 31, January 31, Cash $ 475,914 $ 563,345 Level 1 securities: Money market funds 43,000 — U.S. Treasury securities 99,997 — Certificates of deposit 33,027 — Commercial paper 74,981 — Cash and cash equivalents $ 726,919 $ 563,345 Recent Accounting Pronouncements Recently Adopted Accounting Pronouncements ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. In December 2019, the FASB issued this Accounting Standards Update (“ASU”) to simplify the accounting for income taxes by eliminating certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. This ASU also clarifies and simplifies other aspects of the accounting for income taxes. This update became effective at the beginning of the Company’s 2021 fiscal year. The adoption of this ASU did not have a material impact on the Company’s condensed consolidated financial statements and disclosures.

Property and Equipment, net

Property and Equipment, net	9 Months Ended
	Oct. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net The following is a summary of property and equipment, net (in thousands): As of October 31, 2021 January 31, 2021 Furniture, fixtures and equipment $ 121,975 $ 91,496 Computer equipment 51,437 43,347 Internal-use software 87,199 56,977 Leasehold improvements 140,048 80,641 Construction in progress 59,238 41,914 459,897 314,375 Less: accumulated depreciation and amortization 142,168 104,358 Property and equipment, net $ 317,729 $ 210,017 Internal-use software includes labor and license costs associated with software development for internal use. As of October 31, 2021 and January 31, 2021, the Company had accumulated amortization related to internal-use software of $32.6 million and $22.5 million, respectively. Construction in progress is stated at cost, which includes the cost of construction and other directly attributable costs. No provision for depreciation is made on construction in progress until the relevant assets are completed and put into use.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters Various legal claims arise from time to time in the normal course of business. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. The Company believes that it has adequately accrued for the potential impact of loss contingencies that are probable and reasonably estimable. The Company does not believe that the ultimate resolution of any matters to which it is presently a party will have a material adverse effect on the Company’s results of operations, financial condition or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

Debt

Debt	9 Months Ended
	Oct. 31, 2021
Debt Disclosure [Abstract]
Debt	Debt ABL Credit Facility The Company has a senior secured asset-backed credit facility (the “ABL Credit Facility”) which was scheduled to mature in June 2024 and provided for non-amortizing revolving loans in an aggregate principal amount of up to $300 million, subject to a borrowing base comprised of, among other things, inventory and sales receivables (subject to certain reserves). The ABL Credit Facility provided the right to request incremental commitments and add incremental asset-based revolving loan facilities in an aggregate principal amount of up to $100 million, subject to customary conditions. The Company was required to pay a commitment fee of between 0.25% and 0.375% with respect to the undrawn portion of the commitments, which was generally based on average daily usage of the facility. On August 27, 2021, the Company amended the ABL Credit Facility to increase the aggregate principal amount to be up to $500 million and increase the amount available for incremental asset-based revolving loan facilities to $300 million. In addition, the amendments resulted in the commitment fee being modified from a range of 0.25% to 0.375% to a fixed 0.25% fee with respect to the undrawn portion of the commitments. The ABL Credit Facility now matures in August 2026. Based on the Company’s borrowing base as of October 31, 2021, which is reduced by standby letters of credit, the Company had $463.3 million of borrowing capacity under the ABL Credit Facility. As of October 31, 2021, the Company had no outstanding borrowings under the ABL Credit Facility.

Leases

Leases	9 Months Ended
	Oct. 31, 2021
Leases [Abstract]
Leases	Leases The Company leases all of its fulfillment and customer service centers and corporate offices under non-cancelable operating lease agreements. The terms of the Company’s real estate leases generally range from 5 to 15 years and typically allow for the leases to be renewed for up to three additional five-year terms. Fulfillment and customer service centers and corporate office leases expire at various dates through 2034, excluding renewal options. The Company also leases certain equipment under operating and finance leases. The terms of equipment leases generally range from 3 to 5 years and do not contain renewal options. These leases expire at various dates through 2025. The Company’s finance leases as of October 31, 2021 and January 31, 2021 were not material and were included in property and equipment on the Company’s condensed consolidated balance sheets. The table below presents the operating lease-related assets and liabilities recorded on the condensed consolidated balance sheets (in thousands): As of Leases Balance Sheet Classification October 31, 2021 January 31, 2021 Assets Operating Operating lease right-of-use assets $ 341,900 $ 297,213 Total operating lease assets $ 341,900 $ 297,213 Liabilities Current Operating Accrued expenses and other current liabilities $ 22,513 $ 19,142 Non-current Operating Operating lease liabilities 378,625 328,231 Total operating lease liabilities $ 401,138 $ 347,373 For the thirty-nine weeks ended October 31, 2021 and November 1, 2020, assets acquired in exchange for new operating lease liabilities were $59.2 million and $118.3 million, respectively. Lease expense primarily relates to operating lease costs. Lease expense for the thirteen weeks ended October 31, 2021 and November 1, 2020 was $20.4 million and $16.9 million, respectively. Lease expense for the thirty-nine weeks ended October 31, 2021 and November 1, 2020 was $59.0 million and $45.2 million, respectively. The aforementioned lease expense was included within selling, general and administrative expenses in the condensed consolidated statements of operations. Cash flows used in operating activities related to operating leases were approximately $49.8 million and $39.1 million for the thirty-nine weeks ended October 31, 2021 and November 1, 2020, respectively.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit)	9 Months Ended
	Oct. 31, 2021
Equity [Abstract]
Stockholders' Equity (Deficit)	Stockholders’ Equity (Deficit) Common Stock 2020 Equity Offering On September 21, 2020, the Company issued and sold 5,100,000 shares of Class A common stock in an underwritten public offering at a price of $54.40 per share to Morgan Stanley & Co. LLC, who acted as sole underwriter in the offering. The Company had granted the underwriter an option to purchase up to an additional 765,000 shares of Class A common stock at a price of $54.40 per share (“Option Shares”), which was exercised on September 30, 2020. The Company raised $318.4 million in net proceeds through the equity offering (including proceeds from the sale of the Option Shares) after deducting offering costs of approximately $0.6 million. Conversion of Class B Common Stock On May 8, 2020, Buddy Chester Sub LLC, a wholly-owned subsidiary of Argos Intermediate Holdco I Inc. (“Argos Holdco”), which is controlled by affiliates of BC Partners, converted 17,584,098 shares of the Company’s Class B common stock into Class A common stock. On May 11, 2020, Buddy Chester Sub LLC entered into a variable forward purchase agreement to deliver up to 17,584,098 shares of the Company’s Class A common stock at the exchange date, which is expected to be May 16, 2023. The number of shares to be delivered will be determined based on, among other things, the trading price of the Company’s Class A common stock at that time. On April 12, 2021, Argos Holdco converted 6,150,000 shares of the Company’s Class B common stock into Class A common stock and sold such Class A common stock.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Oct. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation 2019 Omnibus Incentive Plan In June 2019, the Company’s board of directors adopted and approved the 2019 Omnibus Incentive Plan (the “2019 Plan”). The 2019 Plan became effective on June 13, 2019 and allows for the issuance of up to 31,864,865 shares of Class A common stock. No awards may be granted under the 2019 Plan after June 2029. The 2019 Plan provides for the grant of stock options, including incentive stock options, non-qualified stock options, restricted stock, dividend equivalents, stock payments, restricted stock units, performance shares, other incentive awards, stock appreciation rights, and cash awards (collectively “awards”). The awards may be granted to the Company’s employees, consultants, and directors, and the employees and consultants of the Company’s affiliates and subsidiaries. Service and Performance-Based Awards The Company grants restricted stock units that vest upon satisfaction of both service-based vesting conditions and company performance or market-based vesting conditions (“PRSUs”), subject to the employee’s continued employment with the Company through the applicable vesting date. The Company records share-based compensation expense for PRSUs over the requisite service period and accounts for forfeitures as they occur. Service-Based Awards The Company grants restricted stock units with service-based vesting conditions (“RSUs”) which vest subject to the employee’s continued employment with the Company through the applicable vesting date. The Company records share-based compensation expense for RSUs on a straight-line basis over the requisite service period and accounts for forfeitures as they occur. Service and Performance-Based Awards Activity The following table summarizes the activity related to the Company’s PRSUs for the thirty-nine weeks ended October 31, 2021 (in thousands, except for weighted average grant date fair value): Number of PRSUs Weighted Average Grant Date Fair Value Outstanding as of January 31, 2021 13,011 $ 35.95 Granted 32 $ 80.85 Vested (2,676) $ 35.70 Forfeited (1,075) $ 35.16 Unvested and outstanding as of October 31, 2021 9,292 $ 36.26 The total fair value of PRSUs that vested during the thirty-nine weeks ended October 31, 2021 was $205.6 million. As of October 31, 2021, total unrecognized compensation expense related to unvested PRSUs was $35.3 million and is expected to be recognized over a weighted-average expected performance period of 1.3 years. During the thirty-nine weeks ended October 31, 2021 and November 1, 2020, vesting occurred for 93,309 and 186,617 PRSUs, respectively, previously granted to an employee of PetSmart. For accounting purposes, the issuance of Class A common stock upon vesting of these PRSUs is treated as a distribution to a parent entity because both the Company and PetSmart are controlled by affiliates of BC Partners. The fair value of the PRSUs with market-based vesting conditions was determined on the date of grant using a Monte Carlo model to simulate total stockholder return for the Company and peer companies with the following assumptions: Performance period 5 years Weighted-average risk-free interest rate 1.8% Weighted-average volatility 49.7% Weighted-average dividend yield —% The risk-free interest rate utilized is based on a 5-year term-matched zero-coupon U.S. Treasury security yield at the time of grant. Expected volatility is based on historical volatility of the stock of the Company’s peer firms. The fair value for PRSUs with a Company performance-based vesting condition is established based on the market price of the Company’s Class A common stock on the date of grant. Service-Based Awards Activity The following table summarizes the activity related to the Company’s RSUs for the thirty-nine weeks ended October 31, 2021 (in thousands, except for weighted average grant date fair value): Number of RSUs Weighted Average Grant Date Fair Value Outstanding as of January 31, 2021 713 $ 48.58 Granted 2,292 $ 79.48 Vested (190) $ 42.74 Forfeited (408) $ 69.62 Unvested and outstanding as of October 31, 2021 2,407 $ 74.97 The total fair value of RSUs that vested during the thirty-nine weeks ended October 31, 2021 was $17.2 million. As of October 31, 2021, total unrecognized compensation expense related to unvested RSUs was $149.4 million and is expected to be recognized over a weighted-average expected performance period of 3.1 years. The fair value for RSUs is established based on the market price of the Company’s Class A common stock on the date of grant. As of October 31, 2021, there were 6.7 million additional shares of Class A common stock reserved for future issuance under the 2019 Plan. Share-Based Compensation Expense Share-based compensation expense is included within selling, general and administrative expenses in the condensed consolidated statements of operations. The Company recognized share-based compensation expense as follows (in thousands): 13 Weeks Ended 39 Weeks Ended October 31, November 1, October 31, November 1, PRSUs $ 5,825 $ 22,463 $ 29,975 $ 96,611 RSUs 12,979 2,345 33,713 3,577 Total share-based compensation expense $ 18,804 $ 24,808 $ 63,688 $ 100,188

Income Taxes

Income Taxes	9 Months Ended
	Oct. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Chewy is subject to taxation in the U.S. and various state and local jurisdictions. The Company’s losses and tax attributes were previously included in PetSmart’s consolidated tax return activity at the U.S. federal level and any applicable state and local level. Income taxes as presented in the Company’s condensed consolidated financial statements have been prepared based on the separate return method. As of January 31, 2021, Chewy was no longer a member of PetSmart’s affiliated group for U.S. federal income tax purposes. For presentation purposes, during the fiscal year ended January 31, 2021, the Company reduced the deferred tax attributes previously utilized by PetSmart, along with the associated valuation allowances, from the financial statements in order to properly reflect the deferred tax attributes available to the Company; this had no net impact on the Company’s income tax expense. The Company did not have a current or deferred provision for income taxes for any taxing jurisdiction during the thirteen and thirty-nine weeks ended October 31, 2021, and November 1, 2020. Additionally, the Company maintained a full valuation allowance on its net deferred tax assets.

Net Loss per Share

Net Loss per Share	9 Months Ended
	Oct. 31, 2021
Earnings Per Share [Abstract]
Net Loss per Share	Net Loss per ShareBasic and diluted net loss per share attributable to common stockholders is presented using the two class method required for participating securities. Under the two class method, net loss attributable to common stockholders is determined by allocating undistributed earnings between common stock and participating securities. Undistributed earnings for the periods presented are calculated as net loss less distributed earnings. Undistributed earnings are allocated proportionally to common Class A and Class B stockholders as both classes are entitled to share equally, on a per share basis, in dividends and other distributions. Basic and diluted net loss per share is calculated by dividing net loss attributable to common stockholders by the weighted-average shares outstanding during the period. For the thirteen and thirty-nine weeks ended October 31, 2021 and November 1, 2020, the Company’s calculations of basic and diluted net loss per share attributable to common Class A and Class B stockholders are the same because the Company generated a net loss to common stockholders and common stock equivalents are excluded from diluted net loss per share as they have an antidilutive impact. The computation of diluted net loss per share attributable to common stockholders does not include 11.7 million potential common shares for the thirteen and thirty-nine weeks ended October 31, 2021 and 16.4 million potential common shares for the thirteen and thirty-nine weeks ended November 1, 2020, respectively, as the effect of their inclusion would have been antidilutive.

Certain Relationships and Relat

Certain Relationships and Related Party Transactions	9 Months Ended
	Oct. 31, 2021
Related Party Transactions [Abstract]
Certain Relationships and Related Party Transactions	Certain Relationships and Related Party Transactions The Company’s condensed consolidated financial statements include management fee expenses of $0.3 million and $1.0 million allocated to the Company by PetSmart for organizational oversight and certain limited corporate functions provided by its sponsors for the thirteen and thirty-nine weeks ended November 1, 2020, respectively. Allocated costs are included within selling, general and administrative expenses in the condensed consolidated statements of operations. Since launch on July 2, 2018, certain of the Company’s pharmacy operations have been and continue to be conducted through a wholly-owned subsidiary of PetSmart. The Company has entered into a services agreement with PetSmart that provides for the payment of a management fee due from PetSmart with respect to this arrangement. The Company recognized $3.3 million and $23.0 million during the thirteen and thirty-nine weeks ended October 31, 2021 within net sales in the condensed consolidated statements of operations for the services provided compared to $8.6 million and $30.2 million during the thirteen and thirty-nine weeks ended November 1, 2020. As of October 31, 2021 and January 31, 2021, the Company had a net receivable from PetSmart of $21.1 million and $21.9 million, respectively, which was included in prepaid expenses and other current assets on the Company's condensed consolidated balance sheets. PetSmart Guarantees PetSmart previously provided a guarantee of payment with respect to certain equipment and other leases that the Company entered into and served as a guarantor in respect of the Company’s obligations under a credit insurance policy in favor of certain of the Company’s suppliers. As of October 31, 2021, all such guarantees had been released, with the exception of guarantees pertaining to two of the Company’s lease agreements.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements and related notes include the accounts of Chewy, Inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. The unaudited condensed consolidated financial statements and notes thereto of Chewy, Inc. have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting and, therefore, omit or condense certain footnotes and other information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) accounting standards codification. In the opinion of management, all adjustments necessary for a fair statement of the financial information, which are of a normal and recurring nature, have been made for the interim periods reported. Results of operations for the quarterly period ended October 31, 2021 are not necessarily indicative of the results for the entire fiscal year. The unaudited condensed consolidated financial statements and notes thereto included in this Quarterly Report on Form 10-Q for the quarterly period ended October 31, 2021 (“10-Q Report”) should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2021 (“10-K Report”).
Fiscal Year	Fiscal Year The Company has a 52- or 53-week fiscal year ending each year on the Sunday that is closest to January 31 of that year. The Company’s 2021 fiscal year ends on January 30, 2022 and is a 52-week year. The Company’s 2020 fiscal year ended January 31, 2021 and was a 52-week year.
Reclassification	Reclassification As the Company is no longer a subsidiary of PetSmart, balances due from and due to PetSmart have been included on a net basis within prepaid expenses and other current assets on the condensed consolidated balance sheets; corresponding amounts for prior periods have been reclassified to conform to the current period’s presentation.
Use of Estimates	Use of Estimates GAAP requires management to make certain estimates, judgments, and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates these estimates and judgments. Actual results could differ from those estimates. Key estimates relate primarily to determining the net realizable value and demand for inventory, useful lives associated with property and equipment, valuation allowances with respect to deferred tax assets, contingencies, self-insurance accruals, evaluation of sales tax positions, and the valuation and assumptions underlying share-based compensation. On an ongoing basis, management evaluates its estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities.
Fair Value of Financial Instruments, Policy	Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value: Level 1-Valuations based on quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2-Valuations based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3-Valuations based on unobservable inputs reflecting the Company’s assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted Accounting Pronouncements ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. In December 2019, the FASB issued this Accounting Standards Update (“ASU”) to simplify the accounting for income taxes by eliminating certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. This ASU also clarifies and simplifies other aspects of the accounting for income taxes. This update became effective at the beginning of the Company’s 2021 fiscal year. The adoption of this ASU did not have a material impact on the Company’s condensed consolidated financial statements and disclosures.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	9 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Schedule of Accrued Liabilities	The following table presents the components of accrued expenses and other current liabilities (in thousands): As of October 31, 2021 January 31, 2021 Outbound fulfillment $ 343,076 $ 310,700 Advertising and marketing 105,979 85,835 Payroll liabilities 59,478 72,467 Accrued expenses and other 194,472 133,495 Total accrued expenses and other current liabilities $ 703,005 $ 602,497
Summary of Cash and Cash Equivalents	The following is a summary of cash and cash equivalents (in thousands): As of October 31, January 31, Cash $ 475,914 $ 563,345 Level 1 securities: Money market funds 43,000 — U.S. Treasury securities 99,997 — Certificates of deposit 33,027 — Commercial paper 74,981 — Cash and cash equivalents $ 726,919 $ 563,345

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	9 Months Ended
	Oct. 31, 2021
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment, net	The following is a summary of property and equipment, net (in thousands): As of October 31, 2021 January 31, 2021 Furniture, fixtures and equipment $ 121,975 $ 91,496 Computer equipment 51,437 43,347 Internal-use software 87,199 56,977 Leasehold improvements 140,048 80,641 Construction in progress 59,238 41,914 459,897 314,375 Less: accumulated depreciation and amortization 142,168 104,358 Property and equipment, net $ 317,729 $ 210,017

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 31, 2021
Leases [Abstract]
Assets and Liabilities, Lessee	The table below presents the operating lease-related assets and liabilities recorded on the condensed consolidated balance sheets (in thousands): As of Leases Balance Sheet Classification October 31, 2021 January 31, 2021 Assets Operating Operating lease right-of-use assets $ 341,900 $ 297,213 Total operating lease assets $ 341,900 $ 297,213 Liabilities Current Operating Accrued expenses and other current liabilities $ 22,513 $ 19,142 Non-current Operating Operating lease liabilities 378,625 328,231 Total operating lease liabilities $ 401,138 $ 347,373

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Service and Performance Based-Awards Activity	The following table summarizes the activity related to the Company’s PRSUs for the thirty-nine weeks ended October 31, 2021 (in thousands, except for weighted average grant date fair value): Number of PRSUs Weighted Average Grant Date Fair Value Outstanding as of January 31, 2021 13,011 $ 35.95 Granted 32 $ 80.85 Vested (2,676) $ 35.70 Forfeited (1,075) $ 35.16 Unvested and outstanding as of October 31, 2021 9,292 $ 36.26 The following table summarizes the activity related to the Company’s RSUs for the thirty-nine weeks ended October 31, 2021 (in thousands, except for weighted average grant date fair value): Number of RSUs Weighted Average Grant Date Fair Value Outstanding as of January 31, 2021 713 $ 48.58 Granted 2,292 $ 79.48 Vested (190) $ 42.74 Forfeited (408) $ 69.62 Unvested and outstanding as of October 31, 2021 2,407 $ 74.97
Schedule of Fair Value Assumptions	The fair value of the PRSUs with market-based vesting conditions was determined on the date of grant using a Monte Carlo model to simulate total stockholder return for the Company and peer companies with the following assumptions: Performance period 5 years Weighted-average risk-free interest rate 1.8% Weighted-average volatility 49.7% Weighted-average dividend yield —%
Share-based Compensation Expense	The Company recognized share-based compensation expense as follows (in thousands): 13 Weeks Ended 39 Weeks Ended October 31, November 1, October 31, November 1, PRSUs $ 5,825 $ 22,463 $ 29,975 $ 96,611 RSUs 12,979 2,345 33,713 3,577 Total share-based compensation expense $ 18,804 $ 24,808 $ 63,688 $ 100,188

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Accounting Policies [Abstract]
Outbound fulfillment	$ 343,076	$ 310,700
Advertising and marketing	105,979	85,835
Payroll liabilities	59,478	72,467
Accrued expenses and other	194,472	133,495
Total accrued expenses and other current liabilities	$ 703,005	$ 602,497

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Summary of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	$ 726,919	$ 563,345
Cash
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	475,914	563,345
Money market funds | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	43,000	0
U.S. Treasury securities | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	99,997	0
Certificates of deposit | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	33,027	0
Commercial paper | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	$ 74,981	$ 0

Property and Equipment, net - S

Property and Equipment, net - Summary of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 459,897	$ 314,375
Less: accumulated depreciation and amortization	142,168	104,358
Property and equipment, net	317,729	210,017
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	121,975	91,496
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	51,437	43,347
Internal-use software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	87,199	56,977
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	140,048	80,641
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 59,238	$ 41,914

Property and Equipment, net - N

Property and Equipment, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Nov. 01, 2020	Oct. 31, 2021	Nov. 01, 2020	Jan. 31, 2021
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 10	$ 7.5	$ 28	$ 20.2
Internal-use software
Property, Plant and Equipment [Line Items]
Accumulated amortization	32.6		32.6		$ 22.5
Amortization expense	$ 4	$ 1.8	$ 10.1	$ 4.4

Commitments and Contingencies (

Commitments and Contingencies (Details) - patent	Oct. 08, 2021	Jun. 14, 2021	May 14, 2021	Feb. 14, 2021
Loss Contingencies [Line Items]
Number of patents allegedly infringed	5
Number of patents allegedly infringed, motion to dismiss		4	3
Number of patents found not infringed	1
Pending litigation
Loss Contingencies [Line Items]
Number of patents allegedly infringed				4

Debt (Details)

Debt (Details) - Line of Credit - Revolving Credit Facility - USD ($)	Aug. 27, 2021	Oct. 31, 2021
Line of Credit Facility [Line Items]
Aggregate principal balance	$ 500,000,000	$ 300,000,000
Additional aggregate principal increase limit (up to)	$ 300,000,000	100,000,000
Commitment fee, percentage	0.25%
Current borrowing capacity		463,300,000
Outstanding borrowings		$ 0
Minimum
Line of Credit Facility [Line Items]
Commitment fee, percentage		0.25%
Maximum
Line of Credit Facility [Line Items]
Commitment fee, percentage		0.375%

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2021USD ($)renewalOption	Nov. 01, 2020USD ($)	Oct. 31, 2021USD ($)renewalOption	Nov. 01, 2020USD ($)
Lessee, Lease, Description [Line Items]
Assets acquired in exchange for new operating lease liabilities			$ 59.2	$ 118.3
Lease expense	$ 20.4	$ 16.9	59	45.2
Operating lease payments			$ 49.8	$ 39.1
Real Estate
Lessee, Lease, Description [Line Items]
Number of renewal options | renewalOption	3		3
Renewal term	5 years		5 years
Real Estate | Minimum
Lessee, Lease, Description [Line Items]
Lease term	5 years		5 years
Real Estate | Maximum
Lessee, Lease, Description [Line Items]
Lease term	15 years		15 years
Equipment | Minimum
Lessee, Lease, Description [Line Items]
Lease term	3 years		3 years
Equipment | Maximum
Lessee, Lease, Description [Line Items]
Lease term	5 years		5 years

Leases - Schedule of Lease Asse

Leases - Schedule of Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Assets
Operating	$ 341,900	$ 297,213
Current
Operating	22,513	19,142
Non-current
Operating	378,625	328,231
Total operating lease liabilities	$ 401,138	$ 347,373
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 12, 2021	Sep. 30, 2020	Sep. 21, 2020	May 11, 2020	May 08, 2020
Class of Stock [Line Items]
Underwriting discounts and commissions		$ 0.6
Equity offering
Class of Stock [Line Items]
Sale of stock (in dollars per share)			$ 54.40
Sale of stock		$ 318.4
Over-allotment option
Class of Stock [Line Items]
Sale of stock (in dollars per share)			$ 54.40
Class A common stock | Buddy Chester Sub LLC
Class of Stock [Line Items]
Conversion of stock (in shares)					17,584,098
Forward purchase agreement (in shares)				17,584,098
Class A common stock | Argos Holdco
Class of Stock [Line Items]
Conversion of stock (in shares)	6,150,000
Class A common stock | Equity offering
Class of Stock [Line Items]
Sale of stock (in shares)			5,100,000
Class A common stock | Over-allotment option
Class of Stock [Line Items]
Sale of stock (in shares)			765,000
Class B common stock | Buddy Chester Sub LLC
Class of Stock [Line Items]
Conversion of stock (in shares)					(17,584,098)
Class B common stock | Argos Holdco
Class of Stock [Line Items]
Conversion of stock (in shares)	(6,150,000)

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 31, 2021	Nov. 01, 2020	Jun. 13, 2019
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of vested awards	$ 205.6
Cost not yet recognized	$ 35.3
Weighted average performance period	1 year 3 months 18 days
Vested in period (in shares)	2,676,000
PRSUs | Share-based Payment Arrangement, Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested in period (in shares)	93,309	186,617
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of vested awards	$ 17.2
Cost not yet recognized	$ 149.4
Weighted average performance period	3 years 1 month 6 days
Vested in period (in shares)	190,000
Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for future issuance (in shares)	6,700,000
2019 Omnibus Incentive Plan | Common Class A | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares allowed for issuance (in shares)			31,864,865

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Restricted Stock Unit Activity (Details) shares in Thousands	9 Months Ended
	Oct. 31, 2021$ / sharesshares
PRSUs
Number of Shares
Balance at beginning of period (in shares) | shares	13,011
Granted (in shares) | shares	32
Vested (in shares) | shares	(2,676)
Forfeited (in shares) | shares	(1,075)
Balance at end of period (in shares) | shares	9,292
Weighted Average Grant Date Fair Value
Balance at beginning of period (in dollars per share) | $ / shares	$ 35.95
Granted (in dollars per share) | $ / shares	80.85
Vested (in dollars per share) | $ / shares	35.70
Forfeited (in dollars per share) | $ / shares	35.16
Balance at end of period (in dollars per share) | $ / shares	$ 36.26
RSUs
Number of Shares
Balance at beginning of period (in shares) | shares	713
Granted (in shares) | shares	2,292
Vested (in shares) | shares	(190)
Forfeited (in shares) | shares	(408)
Balance at end of period (in shares) | shares	2,407
Weighted Average Grant Date Fair Value
Balance at beginning of period (in dollars per share) | $ / shares	$ 48.58
Granted (in dollars per share) | $ / shares	79.48
Vested (in dollars per share) | $ / shares	42.74
Forfeited (in dollars per share) | $ / shares	69.62
Balance at end of period (in dollars per share) | $ / shares	$ 74.97

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Fair Value Assumptions (Details) - PRSUs	9 Months Ended
	Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	5 years
Weighted-average risk-free interest rate	1.80%
Weighted-average volatility	49.70%
Weighted-average dividend yield	0.00%

Share-Based Compensation - Sc_3

Share-Based Compensation - Schedule of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Nov. 01, 2020	Oct. 31, 2021	Nov. 01, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 18,804	$ 24,808	$ 63,688	$ 100,188
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	5,825	22,463	29,975	96,611
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 12,979	$ 2,345	$ 33,713	$ 3,577

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Nov. 01, 2020	Oct. 31, 2021	Nov. 01, 2020	Jan. 31, 2021
Related Party Transaction [Line Items]
Current income tax provision	$ 0	$ 0	$ 0	$ 0
Deferred income tax provision	0	$ 0	0	0
Proceeds from tax sharing agreement with related parties			43,714,000	$ 23,213,000
Receivable from related parties	21,100,000		21,100,000		$ 21,900,000
Tax Sharing Agreement
Related Party Transaction [Line Items]
Receivable from related parties	$ 1,300,000		$ 1,300,000		$ 30,500,000

Net Loss per Share (Details)

Net Loss per Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Nov. 01, 2020	Oct. 31, 2021	Nov. 01, 2020
Earnings Per Share [Abstract]
Securities excluded from computation of diluted loss per share (in shares)	11.7	16.4	11.7	16.4

Certain Relationships and Rel_2

Certain Relationships and Related Party Transactions (Details) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2021USD ($)guarantee	Nov. 01, 2020USD ($)	Oct. 31, 2021USD ($)guarantee	Nov. 01, 2020USD ($)	Jan. 31, 2021USD ($)
Related Party Transaction [Line Items]
Receivable from PetSmart	$ 21.1		$ 21.1		$ 21.9
PetSmart
Related Party Transaction [Line Items]
Number of guarantees held | guarantee	2		2
Affiliated entity
Related Party Transaction [Line Items]
Net sales from management fee	$ 3.3	$ 8.6	$ 23	$ 30.2
Affiliated entity | Management Fee
Related Party Transaction [Line Items]
Related party expense		$ 0.3		$ 1