Pet e-commerce company Chewy (NYSE: CHWY) reported financial results for the third quarter of 2022 on Dec. 8 and the market loved it. The stock immediately rallied about 6% and has now doubled from its 52-week low.

Overall, Chewy stock is still down about 25% in 2022 -- a disappointing year. Will it fair better in 2023? The company certainly has some large opportunities, but there are also some challenges it will need to overcome if it's going to beat the market from here.

Chewy went public in June 2019 and it looked like many newly public companies: high growth but unprofitable. The company grew net sales by 40%, 47%, and 24% in 2019, 2020, and 2021, respectively. However, in those years it also registered steep net losses of $252 million, $93 million, and $74 million.

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Source Fool.com