Investors may not know what to make of Chewy (CHWY 1.66%) stock. Although its sales have continued to grow, the stock has experienced declines amid a shrinking customer base and expectations of lower growth in its industry. Nonetheless, Chewy has built a loyal customer base that spends increasing amounts on their pets. Also, with plans to expand into other markets and businesses, the stock could begin a long-awaited recovery. Chewy's struggles Admittedly, Chewy bears can make valid points for their lack of ...