Advertising And Revenue GrowthThe retail media revenue stream, driven by sponsored products, is projected to expand significantly with new initiatives like sponsored brand pages and video content.
Market Position And ExpansionChewy is the leading pure play eCommerce offering in the $144BN US Pet Industry; the company has a strong retail biz coupled with a growing pet health offering, including the largest online pet pharmacy.
Subscription Model And ValuationChewy’s subscription-like business model, with a large portion of sales from Autoship and nondiscretionary consumables, supports a reasonable valuation.