Chewy's new vet clinics aim to reduce pet care costs: CEO

Pet owners must be more bullish than ever on taking proper care of their four-legged family members, as represented in Chewy's (CHWY) latest earnings beat. Shares of the online pet retailer are surging by over 25% on Wednesday morning as the company reports that first-quarter autoship sales — its automated or pre-scheduled deliveries of pet food and products — grew by 6.4% year-over-year. Yahoo Finance Executive Editor Brian Sozzi joins Catalysts to interview Chewy CEO Sumit Singh, who describes the "normalization" he is seeing in the pet industry highlighted by demand tailwinds and more balanced pet adoption rates.