Chewy Inc. (NYSE: CHWY) reported impressive second-quarter results, leading to a surge in its stock price. The company achieved a gross margin increase to 29.5% and transformed an operating loss of $16.7 million into a profit of $32.1 million, driven by a 2% revenue growth to $2 billion. Adjusted earnings per share soared to $0.15, far exceeding the expected $0.01. However, Chewy saw a decline in its customer base, down 20 million compared to last year, though spending per active customer increased. Looking ahead, Chewy projects 3%-4% revenue growth for the next quarter and has raised its EBIT margin forecast to 4.5%-4.7%.