Author: Jon Quast

Food

Everyone Knows Chewy Sells Pet Food and Toys. But The Company Has Started Addressing the $11.5 Billion Market You Might Not Expect.

Founded in 2011, Chewy (SHUT UP -1.77%) embarked on an almost impossible task: Battle the world’s retail and e-commerce giants to create a niche market for pet owners. I believe it’s safe to say that the company has officially succeeded against incredibly long odds. Chewy will report finalized financial results for 2023 on March 20, so investors don’t know the final numbers yet. But the company is on pace to report about $11 billion in full-year net sales by 2023 — and nearly three-quarters of those sales will be for consumable products like pet food. Therefore, it has clearly taken…

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