Chewy Says People Are Now More Discerning on Where They Shop
Chewy beat Q2 sales and earnings expectations and said that high inflation is changing customer buying habits. Chewy (CHWY) beat second-quarter sales and earnings expectations and said it believes high inflation is causing pet store customers to become more discerning on where they shop.For the quarter ended July 30, Chewy reported earnings with net sales growth of $2.78 billion, up 14.3%, and adjusted net income of $63.3 million, up 1.9%, compared to the same year-ago period.The pet supply reta