Bloomberg/Bloomberg via Getty Images Introduction & investment thesis Chewy (NYSE:CHWY) is a pure-play pet e-commerce business that has severely underperformed the indices in 2023. While the company has seen a slowdown in revenue growth and active customers, which has led to investor pessimism, I believe that the worst is priced in at the moment, with room for significant upside over a 5-year investment horizon. The company is seeing a growing wallet share amongst its active customers as well as a higher vo ...