Investors look to profit as Americans spend more on pampering their pets

Online pet-supply store Chewy Inc. is expected to announce its final stock price Thursday ahead of an initial public offering. PetSmart bought the startup in 2017.

Chewy has yet to turn a profit, but its sales have been growing at about a billion dollars a year, reflecting robust growth in the overall pet supplies industry. Analysts attribute that growth to a trend toward what they call “pet humanization.”