• Chewy average operating margin for 2023 was 0.38%, a 156.72% increase from 2022.
• Chewy average operating margin for 2022 was -0.67%, a 168% decline from 2021.
• Chewy average operating margin for 2021 was -0.25%, a 93.99% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.