Shares of Chewy Inc. fell after hours on Wednesday after the online pet-supplies retailer said it expected the industry to cut prices and said it was trying to get a better read on newer, more selective and price-pressured customers.
Chewy’s CHWY executives made the remarks as inflation spurs greater caution on pet owner and spending on pet care. Against that uncertain backdrop, management tried to prepare Wall Street for a wider range of behaviors among its active customers this year, after signs emerged last month that…
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