Most stocks have faced choppy waters over the past year or more. But growth shares have been hit particularly hard. Since the start of 2022, the Russell 3000 Growth Index has dropped by 14.4% versus a loss of 8.9% for the Russell 3000 Value Index.

Researching individual companies in this volatile climate can prove lucrative for patient investors. Shares of the growth stock  (NYSE: CHWY) have dropped by more than 38% during this period. Does this represent a buying opportunity or a warning of worse to come?

To answer that question, it's time to better understand Chewy's business and prospects.

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Source Fool.com