Chewy’s Revenue by Segment (2018-2023)

This statistic highlights Chewy Inc.’s revenue by segment, split across consumables, hard goods, and others segments, reported on a quarterly basis from Q1 2018 onwards.

Chewy Inc.’s Revenue by Segment

(All figures in millions, except percentages)

Chewy’s Revenue in Q2 2020 was $1,699.86 million, which increased by nearly 26.8% to $2,155.03 million in Q2 2021. On a QoQ basis, the company observed a revenue rise of only 0.9% from $2,135.18 million in Q1 2021.  Chewy’s Revenue can be bifurcated into the following segments:

1. Consumables

Consumables refer to the various types of pet food, medicines, and other things that can be consumed by animals. The company’s consumables brands include American Journey and Tylee’s. From canned food to packed gravy and bones Be it canned food and treats for dogs and cats, horse feed, pellets for rabbits, fish food, or horse feed; Chewy’s consumables segment has it all covered. Medicines and supplements for pet animals are also available as a part of this segment. The majority of the firm’s revenue comes from this segment.

Trends Observed

• This segment accounted for 69% of the company’s revenue in Q3 2021.
• In Q2 2020 the revenue incurred from consumables was $1,159.09 million which rose by almost 28% to $1,483.95 million in Q2 2021. Growth of the consumables segment is attributable to growing customer base, increased spending among active customers, and expansion of products portfolio.
• Revenue growth of approximately 2%  was observed from $1,455.01 million in Q1 2021.

2. Hard Goods

This segment includes all the necessary durable products for the pets, for example, dog toys, cat toys, placemats, collars, clothing, and accessories. Apart from dogs and cats, there are products for other pets like birds, hamsters, rabbits, etc. Frisco is the hard goods brand of the company.

Trends Observed

• Hard Goods earned a total of $318.59 million in Q2 2021, which made up 15% of Chewy’s overall revenue.
• Revenue from hard goods increased from $296.67 million in Q2 2020 to $318.59 million in Q2 2021 marking a yearly growth of 7.4%.
• Quarterly, segment revenue fell by 7.3% as compared to $343.63 million in Q1 2021.

3. Others

This segment comprises all the other services provided by Chewy like healthcare, insurance, veterinary services, etc. The company plans to add more non-vet services. These services play a crucial role in ensuring customer retainment.

Trends Observed

• In Q2 2021, a revenue of $352.49 million was recorded from this segment. This contributed to 16% of the total revenue.
• This segment observed a yearly growth of 44% from $244.10 million in Q2 2020 to $352.49 million in Q2 2021.
• The revenue from this segment increased by around 5% compared to $336.54 million in Q1 2021.

About the Company

Chewy Inc. was established in 2011. It is an American e-commerce retailer of pet food and other pet-related products headquartered in Florida.

In 2017, PetSmart acquired this company for $3.35 billion, which was considered the biggest ever acquisition for e-commerce at that time. However, PetSmart has now split from Chewy.

Through its retail website and mobile applications, the enterprise offers pet food and treats, pet supplies and pharmaceuticals, and other pet-health items, as well as pet services for a variety of pet animals like dogs, cats, fish, birds, small pets, horses, and reptiles. It has almost 70,000 goods from 2,500 different partner businesses.

Chewy offers its customers the best possible personalized services and is one of the fastest-growing and most convenient e-commerce websites. The company makes pet parenting easy for everyone and even carries an autoship subscription program, which allows customers to schedule their orders beforehand, so they don’t run out of the medications, pet food, or supplies their pets need.

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