Chewy: Consumers Starting to Adopt Pets Again After Inflation Pullback

Chief Financial Officer David Reeder noted that pet parents' adoption and relinquishment behaviors are strongly tied to macroeconomic trends. "From what would turn customer accounts positive, … really, we needed inflation to normalize," Reeder said. "… Inflation in the market normalizing would free up discretionary income for consumers, would give them the ability to then become additional pet parents in the future. He said the company is looking for "normalization of inflationary pressures that are putting ...