Chewy Is Taking a Bite Out of a $30 Billion Market
The online-only pet supplies retailer Chewy (NYSE: CHWY) has experienced a boost in sales since the onset of the pandemic. Folks brought home more pets than ever as they sought out companionship while spending days (and evenings) stuck at home.
But those furry companions need food to eat, beds to sleep on, and toys to destroy, and many people turned to Chewy.com to fill those needs. Now, Chewy aims to tackle an even bigger slice of the pet market by offering a pet health service to its existing customers.
Chewy reported sales of $2.1 billion in the first quarter. Image source: Getty Images.
Source Fool.com
