The company operates an online-only model and sells a wide range of its own branded as well as third-party products to service a wide range of animal owner needs. Beyond products targeting household pets like dogs, cats, and rabbits, the company also sells items for livestock and other farm animals. Chewy operates a pet pharmacy and pet telehealth service, and even sells insurance plans thanks to partnerships with well-known names in the industry like Lemonade and Trupanion.
Shares of pet e-commerce company Chewy (NYSE: CHWY) jumped 21.5% in January, according to data provided by S&P Global Market Intelligence. As of market close on Feb. 2, Chewy stock is now up 33% in 2023, ahead of the 8.7% jump for the S&P 500 so far. Through the first three quarters of 2022, Chewy's net sales are only up 13.7% from the comparable period of 2021.
ACI vs. CHWY: Which Stock Is the Better Value Option?