In late May, (NYSE: CHWY) gave investors some good reasons to be excited about its business. While the e-commerce retailer is still seeing modest customer losses in the wake of pandemic-related demand spikes, sales trends were surprisingly strong. The pet supply giant also announced details about its international expansion, which is set to start in just a few months.

But what do these positive trends mean for the stock in 2023 and beyond? Let's take a closer look.

Chewy's first-quarter update showed improving sales trends that helped the company stand out from peers like Petco. Sure, its customer base shrank by about 1%, continuing the 1% decline rate that investors saw in the past full fiscal year. But there were enough positive signs around demand to offset that modest drop.

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Source Fool.com