Chewy Sees Promise in Vet Clinics and Payoff From App Investments
CHWYChewy(CHWY) PYMNTS.com·2024-08-29 03:21

Chewy said its investment in veterinary clinics is helping it attract new customers.The online pet product retailer released quarterly earnings Wednesday (Aug. 28) showing net sales increasing nearly 3% to $2.86 billion in the second quarter.CEO Sumit Singh told analysts during an earnings call that the company’s vet care clinics, two of which have opened this quarter, are helping drive sales.“With each additional week and month of operations across our clinic footprint, we are steadily accumulating data to ...