It projects that the industry will grow 4% annually through 2028. A year ago, it noted that online sales have been growing even faster, and held a 37% share of the market in 2023, up from 2018's 20%.

The stock market has dropped lately, with the S&P 500 index down ... up markedly. In its fiscal fourth quarter, which ended on Feb. 2, sales increased 14.9% to $3.2 billion. Chewy's top line ...