1059 ET - Chewy notched another year of market share gains in 2024 and seems to have grown its share at a premium to the rest of the overall pet industry as e-commerce becomes a more prominent channel for pet products, CEO Sumit Singh says on a call with analysts. The company expects to continue to take share in 2025, regardless of how the market performs, the CEO says. The overall market is expected to grow by about 2.5% to 4.5% this year, while Chewy is guiding to grow sales at 6% to 7%, he says. "We are growing at two times what the market expectation is, so we are capturing an incremental portion of share," Singh says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 10:59 ET (14:59 GMT)
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