Advertisement

Where Will Chewy Be in 10 Years?

Where Will Chewy Be in 10 Years?

Chewy (NYSE: CHWY), the leading pure-play online retailer for pet food and supplies in the U.S., is likely to be much bigger and more profitable a decade from now. Chewy is operating in a huge pet market that's expected to continue to grow at an attractive rate. According to the American Pet Products Association (APPA), total spending on pets in the U.S. was $95.7 billion last year and the group estimates it will grow at a 5.1% annual rate through 2024.