Core Insights - The number of pet-owning households is projected to grow by 1% annually through 2027, indicating a stable market for pet-related products and services [2] - Chewy (NYSE:CHWY) is well-positioned to capture a significant share of consumer spending in the pet industry, benefiting from the anticipated growth in pet ownership [2] Industry Summary - The pet industry is experiencing a recovery post-COVID, with a consistent increase in pet-owning households expected over the next few years [2] - The growth in pet ownership suggests a positive outlook for companies operating in the pet sector, particularly those focused on e-commerce and direct-to-consumer sales [2] Company Summary - Chewy is identified as a key player in the pet industry, likely to benefit from the increasing pet ownership and consumer spending [2] - MoffettNathanson has raised its outlook on Chewy, indicating confidence in the company's ability to capitalize on market trends [2]