Chewy Q3 Earnings: Grappling With Supply Chain Bottlenecks
Chewy (NYSE: CHWY) is scheduled to report fiscal third-quarter earnings on Thursday, Dec. 9. Investors are anxious for an update on how the online pet retailer is doing.
The relatively young public company was a big winner at the onset of the pandemic. Pet parents still needed to buy food and essentials for their furry friends, and pet adoption rates increased during the pandemic as people were spending more time at home.
Moreover, folks were looking to avoid shopping in person, which became an added tailwind for the e-commerce specialist. Now that world economies are reopening, Chewy faces a new challenge -- supply chain disruptions causing product shortages and rising costs. Thursday's report should provide some news on how management is handling the current economic situation.
Source Fool.com
