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CHWY - Chewy Is Not As Recession-Proof As Management Thinks
Chewy Inc. Class A
2024-03-27 15:42:26 ET
Summary
Pet adoption and general interest in new pets are both in decline, creating potential growth challenges as Chewy expands into new ventures.
The company's active customer base is continuing to decline, leading to higher average spend per customer for those focused on the firm's core customer base.
Consumer budgets may be more focused on affordability, leading to delays in pet care and potential headwinds for Chewy's new vet ventures.