Chewy Rallies 6%, Still Down 34% YTD Amid Margin Worries

Chewy stock surged 6% to $21.75, a rare bright spot in a year that has otherwise punished the pet retailer. Despite the rebound, shares are still down 34% YTD. The company's business is still growing, and its guidance was raised after the latest report. The question remains whether this growth will widen margins or only lift the top line.