Business
Chewy Expects Sales Pressure as Consumers Pull Back on Pet Treats
Chewy expects sales will continue to come under pressure through the rest of this year as consumers pull back on discretionary purchases like pet treats.
The online pet-supplies retailer still bumped up its full-year outlook, pointing to a boost from market share gains and recent acquisitions, but its updated forecast is below the initial projection it gave back in March. The company had lowered its expectations in June as consumers grew more cautious.
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