MercadoLibre, On Holding, and Chewy have emerged as candidates for significant performance turnarounds in 2026, despite lackluster year-to-date results. The three companies represent distinct retail segments yet share common characteristics of robust underlying growth metrics and strategic business expansions that analysts suggest could drive investor interest in the coming year.
MercadoLibre continues to demonstrate substantial momentum in Latin America's e-commerce and fintech markets, posting 39% year-over-year revenue growth. The platform's diversified business model spanning marketplace operations, digital payments, and financial services positions it to capitalize on continued digital adoption across the region. Similarly, On Holding, the Swiss athletic apparel manufacturer, has sustained 25% year-over-year net sales growth while establishing meaningful presence in the Asia-Pacific market, signaling expansion beyond its core developed markets.
Chewy, the pet e-commerce specialist, has shown measurable progress on profitability metrics while diversifying its revenue streams through veterinary care services. The company's shift toward higher-margin ancillary services reflects evolving business strategy aimed at enhancing customer lifetime value and operational efficiency. Whether these growth trajectories translate to market recognition and stock price appreciation in 2026 will depend on execution across key operational and financial benchmarks.