Yahoo Finance

Yes, shares of the pet-product retailer have dropped 11%, to $33.29, since the stock market topped out on Feb. 19. It’s a painful drop, to be sure, but Chewy stock has held up better than the which has dropped 12% since its all-time high, partly because consumers are likely to keep spoiling their pets even if they cut spending elsewhere. Fourth-quarter sales of $3.25 billion grew 7% year over year, excluding the extra week in the quarter, and beat expectations of $3.19 billion, according to the company’s latest earnings report, released in late March.