Core Viewpoint - Chewy's stock experienced a significant decline of over 16% intraday following the release of its Q2 fiscal 2025 results, as investors anticipated stronger growth from the company [1][4]. Company Overview - Chewy, based in Plantation, Florida, is a leading online retailer for pet supplies and food, recognized for its strong customer service and user-friendly digital platform [1][2]. - The company has a market capitalization of $15.3 billion [2]. Financial Performance - In Q2 fiscal 2025, Chewy reported net sales of $3.1 billion, reflecting an 8.6% year-over-year increase, slightly surpassing Wall Street's expectations of $3.08 billion [6]. - The stock has gained 17% over the past 52 weeks and is up 14% year-to-date [3]. Stock Performance and Valuation - Chewy's stock reached a 52-week high of $48.62 in June but has since declined by 21% from that peak [4]. - The current valuation of Chewy is notably high, with a price-to-earnings ratio of 67 times forward earnings, significantly above the industry average [5]. Market Sentiment - The stock has gained attention as a meme stock, leading to volatility driven more by market sentiment than by the company's financial performance [3]. - Chewy's operational strength is attributed to its efficient fulfillment network and a customer-first approach, which has bolstered its position in the pet retail e-commerce sector [2].