▼Pet Food Processing’s Post

“Shares are likely stuck at current levels until clear evidence emerges that top-line growth has definitively bottomed and [Chewy] is back to adding new customers — both of which we cannot underwrite at this point” (https://lnkd.in/e9rqy3JK) I posted about the Great Normalization in terms of demand for pet and vet services as well as other discretionary goods and services a few months ago over on my personal LinkedIn account (https://lnkd.in/eFX4vtr5). Indeed, it's a topic I've been posting about for over a year now (https://lnkd.in/eHhTcP9u). Alas, as more and more confirmatory news comes in about this mean reversion & macro-induced slowdown, I'm starting to wonder if Chewy CEO Sumit Singh's quote that we can expect "a return to normality in 2025” will indeed bear fruit. One might also ask, what kind of normality? He's most likely talking about a return to long-run average US #pet and #veterinary industry revenue and comp transaction CAGRs. That's not an unreasonable assumption, save for the fact that I believe that the pandemic pulled forward pet ownership and related industry demand by 5 to 7 years and that most folks who purchased a dog or cat in 2020 or 2021 will not be looking for another anytime soon. That's not to say that I expect a calamitous decline in the US pet & vet industries. Rather, I maintain my long-held belief that caution is warranted in the years ahead and that over-investment is almost inevitable.

https://lnkd.in/dz7sFj8G Chewy.com has established itself as the leading online retailer in the U.S. pet supplies e-commerce market, achieving the highest net sales in the sector. In 2023, Chewy net sales exceeded an impressive 11.1 billion U.S. dollars, solidifying its dominance in the market. This performance underscores Chewy strong brand presence, customer loyalty, and effective online strategy. Close behind is Petsmart.com, another major player in the industry, which generated approximately 10 billion U.S. dollars in net sales during the same period. The competition between these two giants reflects the growing demand for convenient online shopping options for pet owners and highlights the significant potential for continued growth in this market. Chewy’s success can be attributed to its extensive product range, user friendly platform, and strong customer service, which have helped it build a loyal customer base and maintain its position as the top choice for pet supplies online. In 2023, the Mobile Pet Care Market was valued at a remarkable USD 635.52 Million. The industry is on an impressive growth trajectory, with projections indicating a Compound Annual Growth Rate (CAGR) of 8.2% from 2024 to 2030. By 2030, we expect the market to reach nearly USD 1103.37 Million! This growth reflects the increasing demand for convenient, on-the-go pet care services, driven by pet owners seeking quality and flexibility in their pets' care routines. As we look forward to these exciting developments, it's clear that the mobile pet care industry is not just expanding it's thriving. #PetCare #MobilePetCare #MarketGrowth #PetIndustry #BusinessTrends

Only put off until tomorrow what you are willing to die having left undone Petco (NASDAQ:WOOF) Posts Q2 Sales In Line With Estimates 💼📈 #HSA #Investing #Healthcare #Health #Family #Wellness 💪🌟 In a recent announcement, Petco (NASDAQ:WOOF) reported its Q2 sales, which were in line with estimates. The company, known for its wide range of pet products and services, showed strong performance during this period, further solidifying its position in the market. With the pet industry experiencing continuous growth and pet owners becoming increasingly conscious of their furry friends' well-being, Petco has successfully capitalized on this trend. Despite the challenges posed by the pandemic, the company's ability to meet customer demands has been commendable. Investors interested in leveraging their Health Savings Accounts (HSAs) can consider Petco as a potential investment opportunity. By allocating funds towards pet-related companies, individuals can benefit from the rising demand for pet products and services while promoting their own health and wellness through companionship. Don't miss out on the potential growth in the pet industry. Take action now to explore investment options that align with your financial goals and values. Investing in companies like Petco through your HSA can provide financial rewards while contributing to the well-being of your beloved pets. 🐶🐱💰💼 Remember, your HSA is not just for medical expenses, but also for building a secure future. So, seize the opportunity to invest wisely and diversify your portfolio. Act now and unleash the power of your HSA! #FOMO #InvestmentOpportunity #TakeActionNow

The pet food segment within the retail industry has seen significant growth in the recent past, fueled by increasing pet ownership and the trend of pet humanization. Consumers are treating pets as family members, driving demand for premium, natural, and specialized pet food products. Retailers are expanding their offerings to include organic, grain-free, and diet-specific options to cater to health-conscious pet owners. This competitive market landscape has prompted innovation among pet food brands, leading to a diverse array of products that meet evolving consumer preferences. #petfood #petfoodindustry

Pet Supermarket, a specialty pet supply retailer, has recently partnered with Syndigo to enhance their e-commerce operations. The collaboration led to improved Product Information Management (PIM), introduction of Enhanced Content for better shopping experiences, and streamlined vendor product information exchange through Vendor Portal and Syndication. As a result, customers can now access more detailed product views, enjoy faster shipping, and the company has achieved significant cost savings. Want to learn more about how Pet Supermarket and Syndigo are revolutionizing the pet supplies industry? Check out the link for details! #ecommerce #PIM #syndication #enhancedcontent #PXM

Top 3 Takeaways from our Pet Retail & Pet Health Survey: Highlighting three interesting takeaways from the latest wave of our consumer survey covering pet retailers 1. Chewy NPS came in at ~41, while Freshpet came in at ~19. 2. Pet owners shifted their shopping preferences in the direction of online buying during the pandemic quarters of our survey’s history. In the quarters following the pandemic, preferences have shifted a bit back in the direction of in-store. 3. Customer opinions of Freshpet are very positive and a touch stronger relative to Chewy, Petsmart, and Petco. Read the blog post here: https://lnkd.in/g-qpGCGj If you are a client, login to view the full report. If you are not a client and want to learn more, email research@bespokeintel.com or call 914-630-0512.

Chewy surges to $11.2 Billion, intensifies focus on health! In an impressive market achievement, Chewy has surpassed zooplus in stock market valuation. After breaking the $10 billion barrier for the first time in 2022, Chewy's growth continued robustly into 2023, reaching a valuation of $11.2 billion, marking a 10% increase from the previous year. This milestone underscores Chewy's evolving market presence and financial strength. Central to Chewy's ongoing strategy and recent success is a heightened emphasis on the health sector within the pet industry. The company has significantly expanded its offerings in health-related products and services, with a notable $3 billion in sales generated from this segment alone. Remarkably, a third of this revenue comes from the sale of medications, highlighting Chewy's commitment to pet health and wellness. Moreover, Chewy has ventured beyond physical products to provide software services to its partners, including veterinarians. This move not only diversifies Chewy's business model but also strengthens its ecosystem by offering value-added services that enhance the operational capabilities of its partners. #Chewy #PetCare #HealthSector #MarketGrowth #Innovation #StrategicDevelopment #pet #pettech #pethealth

Did you catch our interview in Pet Gazette? Our Fulfilment Analyst Lilla Horváth caught up with the leading pet trade magazine to talk all things pet care. 🐶 We covered our vast experience as a fulfilment partner of choice in the pet care sector, and revealed some exciting plans for the future. You can read the full interview with Pet Gazette here > https://lnkd.in/ex6aaa3H If you’re looking for a trusted fulfilment expert for your pet care brand, the search is over! #Ecommerce #PetBusiness #FulfilmentPartner

In the world of retail, pet care sales have continued to outpace other segments of consumer packaged goods both in-store and online. To stay ahead of the game, pet retailers must take advantage of their customers' desire to shop in multiple ways. This means offering competitive website sales, buy online and pick up in-store options, and face-to-face aisle conversions. By capitalizing on these preferences, pet retailers can stay competitive in today's ever-increasing omni-channel shopping world. #PetRetail #OmniChannelShopping #RetailTrends Yummers

🚚🐾 Revolutionizing Pet Supply Delivery with HYPR Delivery! At HYPR Delivery, we understand that the pet care industry requires fast, reliable, and specialized delivery solutions. That's why we’re proud to offer unique advantages in the pet delivery space that set us apart: 🌟 Same-Day Delivery Innovation: We know that when it comes to pet supplies like food and medication, speed is essential. HYPR excels at same-day delivery, ensuring your customers get what they need, when they need it! 🌍 Wide Network & Scale: With a vast national network of carriers and drivers, HYPR can scale delivery services quickly, handling everything from large, bulky items to specialized products. 💡 Technology-Driven Solutions: Our cutting-edge technology optimizes deliveries for pet retailers and suppliers, creating a streamlined and cost-effective process. 🏪 Flexibility for Small & Large Businesses: Whether you’re a large retailer or an independent pet store, HYPR levels the playing field, offering sophisticated logistics to help you compete with giants like Amazon and Chewy. 📦 Customized Delivery Experience: From live animals to refrigerated products and fragile goods, we tailor our services to meet the specific needs of the pet industry, ensuring top-notch care during transit. 🚀 Decades of Logistics Expertise: Backed by years of experience, HYPR ensures efficient and cost-effective solutions for even the most complex delivery demands. Excited to be driving innovation and growth in the pet care industry. Let's deliver more, faster, and better together! 🐕🐈 #PetCare #DeliveryInnovation #Logistics #HYPRDelivery #PetIndustry #SameDayDelivery #Ecommerce #SupplyChainOptimization #SmallBusinessSupport