Shares of online pet retailer (NYSE: CHWY) fell 29.3% in August, according to data from S&P Global Market Intelligence.

As a growth stock with little in the way of current profits, Chewy was hammered throughout the month as worries over inflation reignited and long-term interest rates rose.

The month was capped off with Chewy's Aug. 30 earnings report, which, while beating analyst expectations, showed a worrying decline in active users and cautious commentary from management.

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Source Fool.com