Chewy, Inc. Highlights Growth at J.P. Morgan Conference
Chewy, Inc. (CHWY) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
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At the J.P. Morgan 54th Annual Global Technology, Media and Communications Conference, Chewy, Inc. CEO Sumit Singh discussed the company's robust growth, projecting $13.7 billion in net sales for the year, with 85% from Autoship customers. Singh emphasized the increasing trend of online pet spending, which now constitutes over 40% of total U.S. pet food and treat expenditures.
- 01Chewy has over 21 million active customers, showcasing its strong market presence.
- 02The company anticipates 6.7% EBITDA margins for the current year.
- 03Chewy is projected to generate approximately $750 million in free cash flow.
- 04The total addressable market (TAM) for the pet industry is estimated at $160 billion, with $150 billion digitally propensed.
- 05Sumit Singh has been CEO since March 2018, with prior experience at Amazon and Dell.
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During the J.P. Morgan 54th Annual Global Technology, Media and Communications Conference held on May 19, 2026, Chewy, Inc. (CHWY) CEO Sumit Singh presented insights into the company's performance and the broader online pet retail market. Chewy is projected to achieve $13.7 billion in net sales this year, with a significant portion, around 85%, stemming from its Autoship service that ensures recurring orders from loyal customers. The company boasts more than 21 million active customers, indicating a strong foothold in the online pet retail sector. Singh reported an expected 6.7% EBITDA margin at the midpoint for the year and highlighted a forecast of $750 million in free cash flow. He discussed the overall state of online pet spending, noting that over 40% of pet food and treat expenditures in the U.S. now occur online. The total addressable market for the pet industry is estimated at $160 billion, with $150 billion of that being digitally propensed, underscoring the potential for continued growth in this segment.
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Chewy's growth indicates a shift in consumer behavior towards online pet shopping, potentially influencing local pet retailers and service providers.
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