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Why Chewy Stock Jumped 21% Last Month

Why Chewy Stock Jumped 21% Last Month

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.