Chewy’s stock dropped by as much as 8% in after-hours trading
But any growth is compared to higher rates in past quarters, with investors noting those gains were below those of the second quarter, when sales rose close to 27%, and active customers up 21%.
“These topline results and our continued growth this year demonstrate the durability of our business model and the overall strength of the pet category,” Singh said. More importantly, the spending power of its newer customers continues to improve, Singh said. Chewy estimates that the expected lifetime values of the third-quarter new customer cohort is 12% higher than their pre-pandemic counterpart.“And even with this gains we are still only capturing a fraction of the average U.S. pet spend per household,” Singh said.
Singh noted that only about 2 to 3% of U.S. pet owners have pet health insurance currently. “We view this as a huge opportunity.” He expects the insurance sales to be profitable from the start, but he also views it as a way to create greater customer engagement and brand loyalty.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Supply chain disruptions may ease in the second half of 2022, insurer saysNew virus outbreaks and China's zero-Covid policy will continue to stress supply chains for now, a report by trade credit insurer Euler Hermes said.
続きを読む »
“We Have a Constant Supply of Melatonin on Hand”Does your child have a hard time winding down for bed and falling asleep? Staying asleep all night? Waking up in the morning? Here, ADDitude readers share the solutions that have helped their children with ADHD overcome bedtime hurdles.
続きを読む »
Americans plan robust spending this holiday season, but worry about inflation, supply bottlenecksIndividuals, on average, plan to spend $1,004 on gifts this holiday season, the highest in three years, according to the CNBC All-America Economic Survey. steveliesman has the details.
続きを読む »
Saudi Aramco to supply full term oil volumes to several Asian buyers-sourcesSaudi Aramco has notified at least two North Asian buyers that it will supply full contractual volumes of crude oil in January, two sources with knowledge of the matter said on Friday.
続きを読む »