The leading online retailer of pet food, supplies, and services, Chewy (CHWY), has had a rough 2023 so far, as evidenced by the fact that its shares are down more than 52% on a YTD basis. That woefully lags a 17% gain for the S&P 500 Index ($SPX) this calendar year.
Commanding a market cap of $7.47 billion, Florida-headquartered Chewy is the leader of its industry with a market share of about 40%, which is even higher than a behemoth like Amazon (AMZN).
