Market
Chewy CEO Says Consumers Are ‘Stretched.’ The Pet Care Stock Drops.
YahooMay 19, 2026
The CEO of online pet retailer Chewy says pet owners are feeling “more stretched” these days, an ominous sign for consumer spending that sent the stock down 9% in Tuesday trading. Sumit Singh made the remarks during the J.P. Morgan Technology, Media & Communications Conference. “In the last couple of months, we are continuing to see and interpret the consumer as being more stretched than we were when we entered the year,” Singh said.
