Saturday 26 September 2020

Chewy stock price: Chewy 2Q Sales Spike 47%; Shares Fall

Chewy had its 2Q revenues rise 47% to $1.70 billion year-over-year. The pet product retailer has certainly attracted demand during the global Covid-19 pandemic. The company's quarterly sales surpassed analysts’ expectations of $1.64 billion. Chewy sure wants to increase its Chewy market share.

Chewy is an online pet product retailer. The company is owned by PetSmart. The company has challenges like the high cost of shipping. The acquisition of Chewy made sense for PetSmart. It adds online expertise to PetSmart’s brick and mortar business. It increases PetSmart’s online market share. The acquisition of Chewy was financed primarily through additional debt. After the sale to PetSmart, Chewy expanded and launched an online pet pharmacy called Chewy Pharmacy. Chewy seeks continued growth.

You could often find a chewy promo code or chewy coupon online. Chewy dog food and chewy cat food is popular these days. Use a chewy coupon code to save yourself money. Chewy coupons result in useful savings. They have chewy chocolate chip cookies. Find the best chewy discount code. Chewy customer service is helpful. Chewy login allows you to use the online shopping site. Get the chewy pet supplies that you need. Keep an eye on chewy cyber monday and chewy black friday.

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