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Paws off Vet Services Coming Soon

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Published 10/29/2020

What happened?

Woof! Telehealth is on the come-up, so why not give our cuddly pets some virtual love, too?

Zoom vets. The American pet retailer Chewy is launching a telehealth service that connects pets and their owners to licensed veterinarians online.

  • The pet-focused telehealth service will be offered for free to Chewy subscription members.
  • The “Connect-with-a-Vet” service will be available to Chewy members across 35 states, from 8 a.m. to 8 p.m. on weekdays.

Chewy’s focus is to deepen customer loyalty and possibly monetize the service late on by charging non-members.

How does it affect my wallet?

A lot of dog food. Chewy (CHWY +4.36%) had 16.6 million customers as of the second quarter, with their membership program driving 70% of sales.

  • Hot stock: Chewy’s stock is up 130% for the year, bringing its total market value to $27.9 billion.

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