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Chewy's Growth Is on Autopilot: The Power of Its $9.4 Billion Autoship Customer Sales
People are increasingly treating their pets like family members, and Chewy (NYSE: CHWY) has taken advantage of this trend to become the leading seller of pet food and accessories.The company has more than doubled its revenue in the past five years to reach $11.9 billion of sales in its latest fiscal year. Serving the needs of pet owners is a huge business, and one of the most important things behind Chewy's success is the recurring revenue and customer loyalty it has built up thanks to its Autoship program.Continue reading
People are increasingly treating their pets like family members, and Chewy (NYSE: CHWY) has taken advantage of this trend to become the leading seller of pet food and accessories.
The company has more than doubled its revenue in the past five years to reach $11.9 billion of sales in its latest fiscal year. Serving the needs of pet owners is a huge business, and one of the most important things behind Chewy's success is the recurring revenue and customer loyalty it has built up thanks to its Autoship program.
