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Dog, cat adoption rates have remained high amid reopening

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As homebound Americans waited out the coronavirus pandemic last year, people increasingly turned to animal shelters and adopted dogs and cats as lockdown companions.

Though lockdowns have eased and the country has reopened, adoption rates have largely kept shape, according to Sumit Singh, CEO of Chewy.

“Overall adoptions, we believe, [are] up still year over year by double-digit percentages both across dog and cat,” he told CNBC’s Jim Cramer Thursday.

Additionally, it does not look like pets are being returned to shelters in elevated numbers, said Singh, who appeared for an interview on “Mad Money.” Chewy, a $33 billion online pet food and supply store, last month launched a pet adoption…



Source cnbc.com

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