Why Shares of Chewy Rose 54.1% in the First Half of 2020

Shares of pet food e-commerce company Chewy (NYSE: CHWY) rocketed 54.1% during the first half of 2020, according to data from S&P Global Market Intelligence. During the quarter ended May 3, Chewy reported red-hot growth numbers, with revenue up 46%, an acceleration over the prior quarter's 35% growth. Accelerating growth and expanding margins are usually a recipe for success, so it's no surprise that Chewy's stock rose by leaps and bounds during the first half of the year.