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.
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For further details see:
Chewy Is Not As Recession-Proof As Management Thinks