Company Overview - Chewy is a leading e-commerce specialist in pet goods, having debuted on public markets in 2019 and reaching a peak share price of $100 by 2021 before experiencing a decline to around $15 [5] - The company has shown significant operational strength, with sales increasing fivefold and gross profit margins improving by approximately 10 percentage points since its IPO [6] Financial Performance - Chewy's active customer base has doubled from 10.6 million in 2019 to 21.2 million currently, indicating strong customer retention and growth [6] - Despite a 32% decline from its 52-week high, Chewy has delivered acceptable earnings, making it a potentially attractive investment opportunity [6] Market Data - Current market capitalization stands at $13 billion, with a current share price of $31.69 [7][8] - The stock has a gross margin of 28.58% and a forward earnings valuation of 26 times [8][10] Strategic Initiatives - Chewy is focusing on higher-margin opportunities, including streamlining its Autoship service, expanding Chewy Vet Care, and enhancing its private-label brand, Get Real [10] - The company is also developing a rewards program, Chewy+, and aims to create a comprehensive one-stop shop for pet owners, offering food, medicine, toys, insurance, and veterinary services [12]