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Chewy's AI Push Amid Higher Pet Food Costs

Published 2 days, 5 hours ago
Description

Pet owners are prioritizing essentials like food and healthcare for their animals, leading to a decrease in spending on toys and extras. Chewy reported mixed fourth quarter results, with revenue in line with expectations but earnings per share slightly missing forecasts. Despite this, shares surged due to a positive outlook for fiscal year 2026. Chewy is focusing on artificial intelligence to improve efficiency and boost financial gains, aiming to reclaim market share in the cooling pet market.

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