Q: Hello, now that Chewy has announced coming to Canada in Q3, what do you think is the outlook for PET? Is the close-to-25% drop in share price since March enough to price in this development? Thanks
5i Research Answer:
We have some more PET comments posted today. The 21% stock decline does make it more interesting. Chewy will be a tough competitor, but its entry validates the sizeable market opportunity as well for PET.