Inventory Turnover › Pet Supplies
Pet Supplies Inventory Turnover Benchmarks 2026
Pet retailers run 4.9x to 10.4x annual inventory turnover. Online pure-play Chewy sits at the top; omnichannel Petco, weighed down by hard goods and a services mix, sits at the bottom. Consumables on subscription drive fast cycling; hard goods and stores drag it.
Named retailer 10-K data
| Retailer | Fiscal Year | Turnover | COGS | Avg Inventory |
|---|---|---|---|---|
| Chewy(CHWY) | FY25 (ended Feb 1 2026) | 10.4x | $8.85B | $0.85B |
| Petco(WOOF) | FY25 (ended Jan 31 2026) | 4.9x | $3.03B | $0.62B |
Turnover = cost of goods sold / average inventory. Chewy uses total cost of goods sold; Petco uses product cost of sales against merchandise inventory (its 4.9x merchandise rate), since services carry no inventory. PetSmart and Pet Supplies Plus are privately held, so no public turnover figure exists for them.
Per-retailer notes
Chewy (CHWY)
10.4x turnoverOnline pure-play pet retailer. Consumables (food, litter, medication) on Autoship drive fast, predictable cycling, and a lean distribution-center inventory model keeps stock tight. Fiscal 2025 cost of goods sold was $8,847.6M against inventories of $864.8M (up from $836.7M a year earlier), an average that turns 10.4x.
Petco (WOOF)
4.9x turnoverOmnichannel operator with roughly 1,400 stores plus veterinary and grooming services. Hard goods, live animals and a services mix slow the blended rate. Merchandise turnover is 4.9x on product cost of sales of $3,028.9M against merchandise inventories of $590.2M (down from $653.3M). Counting total cost of sales including services ($3,656.4M) lifts the ratio to about 5.9x.
Source: Petco 10-K / Q4 fiscal 2025 results (52 weeks ended Jan 31 2026)
The supply side turns slower
Retailers turn faster than the suppliers that feed them, because upstream inventory is held further from final demand. Central Garden & Pet (CENT), a pet-and-garden branded-products manufacturer and distributor, turned its inventory about 2.9x in fiscal 2025 (ended Sep 27 2025): cost of goods sold of roughly $2.13B against inventories of $722.1M, down from $757.9M. That is a manufacturer-plus-distributor figure spanning both its Pet and Garden segments, not a retail rate, so it is not directly comparable to Chewy or Petco.
Fresh and refrigerated pet food sits slower still: a cold-chain manufacturer such as Freshpet holds finished goods and raw protein against tight shelf lives. The pattern holds across retail: the closer inventory sits to the shelf, the faster it turns.
Frequently asked questions
What is a good inventory turnover ratio for a pet supplies retailer?
The two large US public pet retailers bracket the sector: online pure-play Chewy turns inventory 10.4x a year and omnichannel Petco turns merchandise 4.9x, both on their fiscal 2025 10-Ks. A well-run pet retailer typically lands between roughly 5x and 10x. Where you sit depends on channel mix (online models turn faster than store fleets) and how much of your basket is fast-moving consumables versus slower hard goods.
Why does Chewy turn inventory so much faster than Petco?
Chewy is an online pure-play built around Autoship subscriptions for food, litter and medication, which are high-frequency consumables shipped from distribution centers with no store-level safety stock. Petco carries the same consumables but also stocks slower hard goods (aquariums, crates, beds), live animals, and runs a services business (vet, grooming) across roughly 1,400 stores, all of which hold or dilute inventory velocity. Different formats, not different management quality.
Are PetSmart and Pet Supplies Plus turnover figures public?
No. PetSmart, the largest US specialty pet retailer by store count, has been privately held by BC Partners since 2015, and Pet Supplies Plus is owned by Franchise Group. Neither files public financial statements, so no audited inventory turnover ratio is available for them. Chewy and Petco are the only large US pet retailers with public 10-Ks.