Chewy Inc at JPMorgan Global Technology, Media and Communications Conference Transcript
All right, we are going to get started. I'm Doug Anmuth, JPMorgan Internet Analyst. We're pleased to have with us Chewy's CEO, Sumit Singh. Chewy is the largest pure-play online pet retailer in the US. The company has more than 21 million active customers. We estimate Chewy will generate about $13.7 billion in net sales this year, including around 85% of which come from Autoship customers. Chewy is guiding to 6.7% EBITDA margins at the midpoint this year, and we project about $750 million in free cash flow.
Sumit became Chewy's CEO in March of 2018 after previously serving as Chief Operating Officer, and he previously held senior management positions at both Amazon and Dell. So welcome, Sumit.
Thank you. Good morning.
Questions & Answers
All right, kicking off, maybe you can just help us understand kind of the overall state of online pet spending
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