DIRS.INFO The most relevant business & tech news

☆ Stocks making the biggest moves after hours: Paramount, NXP Semiconductors, Chegg, F5 and more
▼ + stars: | 2024-04-29 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The news comes as Paramount posted per-share earnings of 62 cents, topping the 36 cents anticipated by analysts polled by LSEG. First-quarter earnings of 24 cents per share surpassed an estimate of 11 cents per share from Factset. Second-quarter earnings and revenue guidance also came in better than expected. F5 — The application security cloud company dropped 9% after F5 issued disappointing third-quarter revenue guidance of $675 million to $695 million, compared to the $695 million LSEG consensus estimate. Second-quarter revenue of $681 million also missed the $685 million anticipated by analysts.

Persons: Bob Bakish, LSEG, Chegg, Medifast, Coursera, Woodward, Jeff Cote, Martha Sullivan, Sensata, Phillip Eyler Organizations: Paramount, CBS, LSEG, Sensata, Elliott Investment Locations: LSEG ., Factset .

☆ 4 economic reports the market cares about most next week, including a fresh look at inflation
▼ + stars: | 2024-03-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the Club, we heard this week from Foot Locker on Wednesday, then from Costco and Broadcom on Thursday. The big economic data drop of the week arrived Friday with February's nonfarm payrolls report . The center of attention is Tuesday's February consumer price index report . On Thursday, the February produce price index is due out. ET: Producer Price Index 8:30 a.m.

Persons: FactSet, Locker, Foot Locker, February's nonfarm, Jerome Powell, he's, we'll, MANU, LEN, Jim Cramer's, Jim Cramer, Jim, Mostafa Bassim Organizations: Nasdaq, Dow Jones Industrial, Costco, Broadcom, Commerce, Federal, PPI, Ballard Power Systems, Fortrea Holdings, Casey's, Vail Resorts, MTN, Daniels, Midland, Kohl's Corporation, Kanzhun, Game Technology, Manchester United, Blade Air Mobility, Clover Health, Beauty Health, Energy Vault Holdings, PHX Minerals, Guild Holdings, Finance, Heron Therapeutics, ZIM Integrated Shipping Services, Arcos Dorados Holdings, ARCO, Petco, Wellness Company, Farms, Sonoma, WSM, ESS Tech, DICK'S Sporting, Inc, Futu Holdings, Bear, Autolus Therapeutics, III Apparel, Solo Brands, Weibo Corporation, Embraer, CNBC, Washington DC, Anadolu, Getty Locations: U.S, Asana, ASAN, Williams, Washington, United States

☆ Extended-reality workouts usher in an immersive era of virtual fitness on VR headsets
▼ + stars: | 2024-03-08 | by ( Diana Umana | ) www.businessinsider.com time to read: +6 min

Business Insider spoke with leaders at the fitness brands Puma, Les Mills, FitXR, and Supernatural about leveraging extended reality to provide tech-driven workouts. Shifting perceptions of fitness technologyPuma this year partnered with Meta Quest 3 to launch immersive mixed-reality workouts in the metaverse. He recalled seeing people's perceptions of VR workouts change at a launch event for Puma and Meta Quest's partnership earlier this year. Lisa Edwards, Les Mills' digital innovation director, said the game's development required the company to adapt to connect "a global community of fitness enthusiasts." Three years ago, when Les Mills met with developers, the technology was more rudimentary; putting time and resources into extended-reality services was a risk.

Persons: —, Rachel Z, Les Mills, Ivan Dashkov, I've, Dashkov, Kathryn Przybyla Dashkov, there's, Lisa Edwards, Lisa Edwards , , Les Mills Edwards, Sam Cole, Cole, Achilles, FitXR Cole, Leanne Pedante, Lindsey Byrnes, Pedante Organizations: Service, Puma, Meta, aha, Les Mills, VR Locations: FitXR, Les

☆ Tom Brady is merging his nutrition and apparel brands with training company Nobull
▼ + stars: | 2024-01-30 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Tom Brady will become the No. Seven-time Super Bowl Champion Tom Brady is merging his health and nutrition company, TB12, and his apparel company, Brady, with training brand Nobull. As part of the deal, Brady will become the No. The Boston-based company employs about 100 people across the U.S., U.K. and China, and sells its sneakers and apparel primarily online. Under the merger, the company will continue to operate under the brand name Nobull and aims to become a complete wellness company.

Persons: Tom Brady, Brady, Mike Repole, Nobull, Marcus Wilson, Michael Schaeffer, Repole Organizations: Reebok Locations: Nobull, Boston, U.S, China

☆ Kimbal Musk 'felt the voice of God' twice in his life: during a near-death experience and when taking ayahuasca
▼ + stars: | 2024-01-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Kimbal Musk takes a slightly different stance on God than his older brother. While Elon Musk has said he's "not religious" and has said he's questioned whether life is a simulation and "may have no meaning," Kimbal Musk said he believes in the "soul and spirit." "I had two different lives," Kimbal Musk said. Kimbal Musk is also the cofounder of two other food-related companies, a nonprofit called Big Green, and the urban-farming startup Square Roots. Musk said he had a similar spiritual experience later on in his life when he tried ayahuasca, a plant-based psychedelic known for its hallucinogenic properties.

Persons: Kimbal, Elon Musk's, biohacker Dave Asprey, Elon Musk, he's, Kimbal Musk, Musk, Tesla, Walter Isaacson Organizations: Service, Business, Facebook, Man, Wall Street

☆ Sima Sistani says its time for WeightWatchers to embrace Ozempic. Will its users agree?
▼ + stars: | 2023-11-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Sima Sistani, the 44-year-old CEO of WeightWatchers, is aware of this, and she recognized WeightWatchers had to evolve – or else. She also landed a massive deal to buy a telehealth business that can issue virtual prescriptions to patients for these weight loss drugs. Semaglutide was approved by the US Food and Drug Administration to treat type 2 diabetes as Ozempic, but it was also used off-label for weight loss. Some longtime users of the program feel betrayed by the pivot away from in-person meetings and toward medication-based solutions. “Sadly, they don’t want to do the work,” she said, of tracking food or exercising to achieve weight loss goals.

Persons: New York CNN —, Sima Sistani, WeightWatchers, she’s, Sistani, “, ” Sistani, Erica Shroeder, ”, Jaap Arriens, ” Goldman Sachs, Jenny Craig, Adam Rockmore, Ged, Angela Weiss, Variety Sistani, there’s, Semaglutide, aren’t, “ there’s, Oprah Winfrey, Jamie Yonash, influencers, Velanti, Michael Nagle, We’re Organizations: New, New York CNN, Walmart, CNN, WeightWatchers, Variety, US Food and Drug Administration, Bloomberg, Getty Locations: New York, Cola, Wegovy

☆ I burned out as a management consultant after debilitating migraines. Now I deal with stress much better — here's my advice.
▼ + stars: | 2023-11-21 | by ( Layne Van Vranken | ) www.businessinsider.com time to read: +6 min

Her advice for managing stress includes setting clear boundaries and communicating your needs. Through therapy and mindfulness, I cultivated a healthier relationship with work, boundaries, and my personal identity. I also saw there was a clear need for workplace mental-health education that felt science-backed, actionable, and relatable to busy professionals, which led me to a career pivot. AdvertisementThrough my work, I've learned about creating boundaries in a professional setting, how to stop burnout, and the real reason for stress. Remember that some stress is to be expectedThere's a big misconception that our goal should be to get rid of stress.

Persons: Gloria Chan Packer, —, relatable, Uber, I've, you've, I'm, It's, aren't Organizations: Service, Foods Locations: Austin

The 1976 book “The Hite Report” was a bestseller from the beginning. And it made its author, Shere Hite, a deeply polarizing public figure. But cultural memory can be short, especially when it comes to pioneering feminists — even ones who have sold 50 million books. “We love Shere Hite!” Newnham recalled Johnson and her producing partner Ro Donnelly responding. Seeing Hite walk out of an interview was not uncommon, especially after the publication of “The Hite Report on Male Sexuality” in 1981, which proved even more divisive.

Persons: ”, Shere Hite, Hite, Erica Jong, —, she’d, Nicole Newnham, Oscar, Newnham, Dakota Johnson, ” Newnham, Johnson, Ro Donnelly, “ Organizations: Playboy, The New York Times, IFC Films, “, NBC News Studios, TeaTime Pictures, Schlesinger Library, Radcliffe Locations: U.S, The, decamped, Europe

☆ Tech workers trying to live longer are turning to buzzy peptide treatments
▼ + stars: | 2023-10-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Peptide anti-aging treatments are surging in popularity with tech workers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementSilicon Valley biohackers are turning to more than just cold plunges, intermittent fasting, and rigorous exercise plans to stay smart and live longer. One of the hottest longevity trends among tech workers these days are peptide treatments which include pills, injections, and topical creams that can enhance performance, improve skin elasticity, increase libido, and even fight against diseases. Huberman noted that some of the most popular peptide treatments for health and fitness right now — among men and women — are ones that release human growth hormone like Sermorelin, Tesamorelin, and Ipamorelin.

Persons: Andrew Huberman, —, Huberman, Lorraine McCarthy, McCarthy, They're, Jeff Tang, Tang — Organizations: Service, NextGen Health, NexGen Health, Blue Phoenix, Wall Street Locations: San Jose , California, Medellìn, Colombia

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Apple, Netflix, Roku, McDonald's, Micron & more
▼ + stars: | 2023-09-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Barclays initiates Jabil and Flex as overweight Barclays initiated several technology manufacturers Thursday and said it sees margin expansion. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock heading into Apple's iPhone event next week. Barclays initiates LPL Financial as overweight Barclays said the financial services company is a "solid organic grower at reasonable valuation." Barclays downgrades Seagate to equal weight from overweight Barclays downgraded Seagate mainly on valuation. Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's staying bullish on shares of Meta.

Persons: Wells, Goldman Sachs, Morgan Stanley, McDonald's, Apple, it's, Jefferies, Canaccord, Johnson, Bernstein, Tesla, underperform Bernstein, Raymond James, Dell, Dan Jedda, Stifel, Riley downgrades Crocs, Riley, Truist, Raymond James downgrades Dave, Buster's, Guggenheim, Meta Organizations: Street, Barclays, JBL, EV, HSBC, Citi, Micron Citi, Micron, Oracle, Johnson, JPMorgan, Netflix, Tesla, DELL, Bank of America, Cloud Computing, LPL, Vail Resorts, Seagate, CyberArk Software Ltd, Meta, Nvidia Locations: 3Q23, Vail

☆ Tom Brady will be a strategic adviser to Delta
▼ + stars: | 2023-09-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Tom Brady has a new employer: Delta Air Lines. The seven-time Super Bowl champion is expanding his post-NFL career business ventures, joining Delta to work on internal employee training and appear in external advertising campaigns. Delta said Wednesday that Brady would become a “strategic adviser” to the airline. Brady will partner with Delta to develop and advise on “teamwork tools” for the airline’s more than 90,000 employees and take part in select marketing campaigns, the company said. Brady founded health and wellness company TB12 Sports and also owns a media company and the Brady Brand clothing line.

Persons: Tom Brady, Delta, Brady, ”, “, Ed Bastian’s, Allen Adamson, ” Brady, Adamson, BlackBerry, Alicia Keys, will.i.am, Lady Gaga, Beyoncé Knowles, Brady Brand Organizations: New, New York CNN, Delta Air Lines, NFL, Delta, Intel, Polaroid, Adidas, TB12 Sports, British soccer, Birmingham City, League Pickleball, Fox Sports Locations: New York, Delta

☆ This former Harvard lecturer sold his company for nearly $20 million—and burnt out immediately after: Here's how he recovered
▼ + stars: | 2023-09-06 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

No matter how much we think we know ourselves and what we want, we can still feel unsure about what the next steps in our careers, and life overall, should be. Feeling trapped in a cycle with no sense of direction often leads to burnout. Take for instance, Suneel Gupta, who felt more burnt out than ever after exceeding his expectations by selling his wellness company for nearly $20 million in 2016. You can think of your center as your purpose that keeps you grounded even in moments of uncertainty; it's what's referred to in Hinduism as "dharma." Here are eight practices you can implement in your life to ground yourself and re-align with your purpose when you're experiencing burnout.

Persons: Suneel Gupta, Gupta, what's Organizations: Harvard University Locations: Hinduism

☆ It's the return of the tech IPO. Instacart says it's profitable — and this may be the necessary secret ingredient for a hot market debut in 2023.
▼ + stars: | 2023-08-25 | by ( Samantha Stokes | Melia Russell | Vishal Persaud | ) www.businessinsider.com time to read: +5 min

Tech startups Instacart and Klaviyo filed to go public, marking the return of the tech IPO. Instacart and others going public are profitable, a bar others may have to meet to be successful. That's when software company HashiCorp and cloud tech company Samsara went public. Instacart revealed profits of $428 million in 2022 and $242 million for the first six months of 2023. AdvertisementAdvertisementThat Instacart and Klaviyo are profitable could make them attractive to investors who became skittish in the downturn.

Persons: Klaviyo, Instacart, Tom Loverro, Loverro, IPOs, hasn't, Joe Kaiser, Kaiser, Cava Organizations: Morning, IPOs, P, Sequoia Capital, D1 Capital Partners, Summit Partners, Mercato Partners, Nasdaq, Enterprise Locations: Cava

☆ A pet wellness brand is offering dogs with 'bark-tastic social skills' and a tail that 'won't stop wagging' $100 an hour to be peanut butter ambassadors
▼ + stars: | 2023-08-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Pet wellness brand Honest Paws is recruiting ambassadors for its peanut butter product. Americans spent $58.1 billion on pet food and treats in 2022, according to the American Pet Products Association. Pet wellness company Honest Paws is offering $100 an hour to dogs that can be ambassadors for its peanut butter, according to an August 1 announcement. Honest Paw's investment could go a long way to sell its peanut butter which comes with a nearly $30 price tag for each jar. Honest Paws did not immediately respond to a request from Insider for comment sent outside regular business hours.

Organizations: American Pet Products, Service, American Pet Products Association Locations: Wall, Silicon

☆ Your dog could fetch $100 an hour as a canine ambassador for peanut butter, Honest Paws says
▼ + stars: | 2023-08-20 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +2 min

CNN —Does your pup love peanut butter? Natural pet wellness company Honest Paws is seeking canine ambassadors to represent its own peanut butter product, according to a news release. Dogs can enjoy peanut butter regularly, but experts advise avoiding peanut butter that contains xylitol, a sugar-free substitute that is highly toxic for pets, according to the National Peanut Board. Honest Paws says its peanut butter pouches do not contain the ingredient, according to its website. Applications for the canine ambassador role are open until September 1, according to Honest Paws.

Persons: ” Organizations: CNN, National Peanut Board, American Kennel

☆ Love Me, Love My Dog
▼ + stars: | 2023-08-10 | by ( Sarah Lyon | ) www.nytimes.com time to read: +1 min

Standing before friends and family, Dr. Partridge first unwrapped a Movado watch from Mr. Hilbrant-Partridge. Then, Dr. Partridge suddenly walked out to retrieve his own surprise for his fiancé: a golden retriever puppy. “I thought I was having a dream,” said Mr. Hilbrant-Partridge, 33, the senior director for customer experience at Beam, a wellness company. The two, who live in Cambridge, Mass., had longed for a second dog to join their older golden retriever, Nahla, for quite some time — especially Mr. Hilbrant-Partridge. The breeder not only expedited Dr. Partridge’s request, but also deflected Mr. Hilbrant-Partridge’s occasional queries concerning the availability of new puppies.

Persons: Johnny Hilbrant, Partridge, Justin Partridge, Hilbrant, ”, “, Partridge’s, Johnny, ” Dr Organizations: of Massachusetts Locations: Stockton Springs , Maine, Cambridge

☆ Oddity will start trading after pricing IPO above range — here's what the beauty and tech company does
▼ + stars: | 2023-07-19 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

In the three months ended March 31, the company saw $165.7 million in revenue, up from $90.4 million in the year-ago period. It reported net income of $19.6 million, or 35 cents a share, compared with about $3 million, or 5 cents a share, a year earlier. In fiscal 2022, Oddity brought in $324.5 million in sales and saw net income of $21.7 million, or 39 cents a share. In the year prior, the retailer saw $222.6 million in revenue and net income of $13.9 million, or 26 cents a share. In 2020, it saw $110.6 million in sales and net income of $11.7 million, or 22 cents a share.

Persons: Oran Holtzman, Holtzman, Shiran Holtzman, Lindsay Drucker Mann, Goldman Sachs Organizations: Tech, Nasdaq, CNBC, Goldman, Israeli Defense Forces Locations: U.S

☆ Founder of US 'orgasmic meditation' group to challenge forced labor charge
▼ + stars: | 2023-06-21 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +1 min

[1/3] Nicole Daedone, founder and former CEO of OneTaste Inc., arrives for a hearing at the Brooklyn Federal Courthouse in Brooklyn, New York, U.S., June 21, 2023. REUTERS/Brendan McDermidNEW YORK, June 21 (Reuters) - The founder of OneTaste, a sexual wellness company that claims to teach "orgasmic meditation," plans to challenge a federal criminal charge that she surveilled group members and withheld promised wages, her lawyer said on Wednesday. Daedone, who also served as OneTaste's chief executive until 2017, and former head of sales Rachel Cherwitz have each pleaded not guilty to one count of forced labor conspiracy. Jenny Kramer, a lawyer for Cherwitz, told Gujarati her client denied the charges. Reporting by Luc Cohen in New York Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Nicole Daedone, Brendan McDermid, Reid Weingarten, Diane, Weingarten, Rachel Cherwitz, Jenny Kramer, Cherwitz, OneTaste, Luc Cohen, Matthew Lewis Organizations: OneTaste Inc, Brooklyn Federal, REUTERS, U.S, District, Netflix, Thomson Locations: Brooklyn, Brooklyn , New York, U.S, California, New York

☆ Scoop: The founders of PopSugar raise $33 million for their second VC fund, and launch a bespoke investment bank to advise startups on M&A
▼ + stars: | 2023-06-13 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

Brian and Lisa Sugar, the married founders of PopSugar, have raised a second venture capital fund. The $33 million fund will invest in consumer brands and software powering the future of retail. The eponymous firm, Sugar Capital, began to raise the sophomore fund a year ago and closed in May, Brian Sugar told Insider. For her part, Lisa stepped back from managing PopSugar in 2021 and joined Sugar Capital as a partner in 2022. Sugar Capital set out to raise $75 million for its second fund and reduced the target size last summer, Sugar said.

Persons: Brian, Lisa Sugar, Brian Sugar, MrBeast's Feastables, Will Hawthorne, Krista Moatz, PopSugar, Hawthorne, Sugar, Sam Altman, Jason Calacanis, Everlane, Ben Lerer's, Lisa, Brian Ach Organizations: PopSugar, Sugar Capital, Avid Capital Advisors, Avid, Sugar, JPMorgan, Advisors, Sequoia Capital, Nine Media, Bain Capital, Pritzker Group Venture, Consumer Locations: Olive

☆ Founder of Sexual Wellness Company Indicted on Forced Labor Charges
▼ + stars: | 2023-06-06 | by ( Hurubie Meko | ) www.nytimes.com time to read: +1 min

The founder and a top officer of a San Francisco-based commune and sexual wellness company that promoted “orgasmic meditation,” before questions of abuse began to circulate, were indicted Tuesday on charges of forced labor conspiracy by federal prosecutors in Brooklyn. Ms. Daedone, who lives in San Diego, was still at large as of Tuesday afternoon. If convicted, the two women would face a maximum sentence of 20 years in prison. It was unclear who was representing the women. The company, which grew in popularity for its focus on female sexuality and by providing courses, coaching and events around the topic, gained notoriety for its practice of orgasmic meditation.

Persons: Nicole Daedone, Rachel Cherwitz, Ms, Cherwitz, Daedone Organizations: OneTaste, New York Times Locations: San Francisco, Brooklyn, Philo, Calif, California, San Diego

☆ OneTaste sexual wellness executives charged by U.S. with forced labor
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, June 6 (Reuters) - The founder of OneTaste, a sexual wellness company that claims to teach "orgasmic meditation," has been charged with running a cult-like conspiracy involving forced labor, federal prosecutors said on Tuesday. Daedone, 56, is at large, while Cherwitz, 43, was arrested on Tuesday and is expected to appear in a California federal court. Founded in 2004, California-based OneTaste was the subject last year of the Netflix (NFLX.O) documentary "Orgasm Inc," which followed its rise and the emergence of "disturbing allegations" from members. OneTaste did not immediately respond to a request for comment. Reporting by Luc Cohen in New York Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Nicole Daedone, Rachel Cherwitz, OneTaste, Luc Cohen, Leslie Adler Organizations: YORK, New, Netflix, Thomson Locations: New York City, Brooklyn, California, New York

☆ Hotels Roll Out the Red Carpet for Pets
▼ + stars: | 2023-05-15 | by ( Stephanie Rosenbloom | ) www.nytimes.com time to read: +3 min

As anyone who travels with a pet knows, sometimes questions or concerns about their health or behavior arise while you’re on the road. Guests can gain access to the service through a phone help line and a website with a live-chat feature and get advice and answers to questions about pet health, wellness and behavior. Today, nearly 85 percent of U.S. Hilton properties are pet‑friendly. Check individual hotels for programs, policies and pricing. Whether you choose a penthouse in Barcelona or a roomy log cabin in Waynesville, N.C., there are plenty of high-end, pet-friendly homes, many for less than the cost of a hotel room.

☆ I own a small health-and-wellness company in Ukraine. Here are 3 things I've learned about leading through a crisis.
▼ + stars: | 2023-05-01 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +6 min

Victoria Repa is the CEO of BetterMe, a health-and-wellness platform in Ukraine. This article is part of "Small Business Strong," a series highlighting the resilient work of small-business leaders to overcome barriers and reach success. I expected to face a lot of challenges as a business leader, but a full-scale war wasn't one of them. On February 24, 2022, I woke up to a dreadful new reality for my Kyiv-based company: Russia had invaded our country. But part of that was also because I shifted our mission from just succeeding as a company to helping Ukraine succeed as a country.

☆ Stocks making the biggest moves midday: Lululemon, Micron, Carnival, Foot Locker & more
▼ + stars: | 2023-03-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Micron Technology — The semiconductor manufacturer added 5.3% after management said it was planning a bigger headcount reduction than previously expected. Carnival — Shares gained 3.6% after being upgraded by Susquehanna to positive from neutral. The move comes a day after the stock gained 6.1% following an upgrade by Wells Fargo to equal weight from underweight. Urban Outfitters , Burlington Stores , Foot Locker , Ross Stores — Shares of major retailers declined Wednesday after UBS downgraded the group to sell from neutral. Petco — Shares of the pet health and wellness company gained 5% after CEO & Chairman Ron Coughlin disclosed a 61,000 share purchase.

☆ Chewy and Petco earnings make it clear: Pet health care is their future
▼ + stars: | 2023-03-23 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +5 min

The retailers, which both released their quarterly earnings on Wednesday, began investing heavily into pet health when the pandemic-fueled pet boom saw 23 million American households welcome a new animal into their homes. The boom turned the overall pet market into a $123.6 billion dollar powerhouse in 2021, and it's expected to grow. Pet health care – and the high margins that come with it – is a crucial component to that overall market. It changed its name to Petco Health and Wellness Company in 2020. Pet adoptions surged during the pandemic, triggering a surge in demand for pet goods.

Search resuls for: "Wellness Company"

25 mentions found