What happened Shares of Chewy (NYSE: CHWY) jumped 11.4% in November, according to data provided by S&P Global Market Intelligence. However, if inflation finally starts dropping to more normal levels, perhaps this headwind will stop blowing and Chewy's business will perform better down the road. And the company's growing range of services -- including its expanded partnership with Lemonade for pet health -- is expected to be the driver of that growth.