Chewy’s Stock Drop and the Chewy Plus Pivot | Durham News

Chewy’s stock tumbles 11% despite beating earnings—because organic growth is slowing and one-time boosts won’t repeat. With pet owners tightening budgets post-pandemic, the “treat-cession” hits hard. Morgan Stanley says the market overreacted but admits underlying trends are weaker than they appear. Still, hope lies in Chewy’s healthcare expansion and the upcoming Chewy Plus redesign—a potential game-changer that could drive growth regardless of the economy.

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