Online pet retailer Chewy (NYSE: CHWY) has seen its stock decline by approximately 17% following the retirement announcement of CTO Satish Mehta, marking another leadership change after last year’s CFO exit. This instability comes as investors seek reassurance, especially with the stock down over 30% since the second-quarter results were reported in September. Despite these challenges, Autoship remains a strong revenue source, contributing to 84% of net sales.
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