Online pet products retailer Chewy added more new customers than any previous quarter, and saw its ... [+] sales surge during the coronavirus lockdowns. Photographer: Andrew Harrer/Bloomberg © 2019 Bloomberg Finance LPThe executives at online pet retailer Chewy always said they had a plan to get to profitability. New and existing customers also spent more, driving net sales for the first quarter up 46.2% compared to the previous year. It still has a long way to go before it will be reporting net income instead of a net loss on its bottom line. On Tuesday, it forecast it will break even, on an adjusted earnings basis, for the year.

Source: Forbes June 10, 2020 11:00 UTC