Reported 1 day ago
Chewy CEO Sumit Singh recently reported that the online pet retailer has a resilient supply chain that enables quick reactions to disruptions, despite missing earnings guidance. The company, which derives about 85% of its sales from non-discretionary items and gains a significant proportion of revenue from its subscription service, Autoship, continues to see strong customer demand. Singh expressed confidence about Chewy's future performance and emphasized that the business remains insulated from broader supply chain challenges, thereby maintaining profitability and growth momentum.
Source: YAHOO