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CHWY Jan 2025 65.000 put
| Previous close | 47.30 |
| Open | 47.30 |
| Bid | 47.55 |
| Ask | 51.50 |
| Strike | 65.00 |
| Expiry date | 2025-01-17 |
| Day's range | 47.30 - 47.30 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
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- Yahoo Finance Video
Why are pet food prices so high? Chewy's CEO explains
Anyone with a pet has likely seen the cost of their pet's food skyrocket over the last couple of years. Why? Chewy CEO Sumit Singh (CHWY) says the company has seen "an unprecedented amount of inflation that has passed through the system." He says that over the last three years, prices have risen by "double-digit percentages" instead of the 2% to 4% that used to be the norm. Singh says that though there is still a floor under prices, what consumers could "expect the latter half of this year is incremental discounting as both vendors and retailers... lean into both incent demand generation and as well as conversion." Check out the full interview with Chewy CEO Sumit Singh here and for more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Stephanie Mikulich.
