Chewy (CHWY) Rallies After Earnings

Chewy's (CHWY) sluggish active customer growth was offset by time value and better-than-expected net sales per active customer, according to a Morningstar analyst. The analyst also notes that CHWY's long-term narrative is intact as international expansion begins. Sean Dunlop and Nicholas Jones discuss CHWY as its 1Q revenue came in at $2.78B versus an estimated $2.73B and its net sales went up 14% year-over-year. They talk about these recent earnings have caused the stock to rally. Tune in to find out more about the stock market today.