CHWY has seen a gap down and general turn downward since last month. We are back to about where we were at just +1% total gain. Although it was seeing a spike up during COVID, due to more folks buying pets while staying at home, as it turns out most of those new pet owners are no longer pet owners, and it’s seeing a drop in EPS.
Overall, things don’t look too good for the mid or long term for CHWY – although Nicky and I have had a wonderful experience with it, it seems to be correcting back to pre-pandemic numbers.
This may be an time to sell before we take a loss if it continues on the down trend.