supply comes from breeders who are unable to sell their animals. Second, only 35%- and dogs, and the retailers whom we cover have exposure beyond these two categories (Shelter Animals Count has begun tracking animals beyond dogs and cats, however sales are cat and dogs, while the other 50% includes chicks, birds, wild animals, horses, and other animals. Using latest Numerator data, we estimate that Petco and Chewy have exposure. Interestingly, however, the data suggests that within cat and dog, TSCO has the highest exposure to dog, while Chewy has the highest relative exposure to cat. Note: We include TSCO in this analysis; however, we think Numerator panelikely over-indexes to cat and dog owners (vs. equine, reptiles, birds, chickens etc.), likely skewing data relative to TSCO's reported category data. pandemic. However, per Packaged Facts' 2025 Pet Population & Ownership Report, the % of households owning dogs has dropped 3% since 2019, while the % of pet-owning households in the US to increase at a 1.7% CAGR between 2025 and 2029