It’s been a tough year for Chewy (NYSE: CHWY) stock.
It has been cut in half over the past year, and it’s lost a third of its value in 2026 alone
This is despite the company continuing to deliver strong results and having a bright outlook. Chewy arguably has one of the most attractive businesses in the retail space. The pet e-commerce player primarily sells pet food and other necessities that customers get automatically shipped right to their doors without even having to place a new order.
About 84% of its sales come from customers using its autoship program, and about 85% of its sales are for food and pet medications. That gives it a very predictable, recession-resistant business model. Will AI create the world’s first trillionaire?