<p><strong>Chewy 的纽约证券交易所股票代码为 CHWY</strong> 自 2020 年创下高峰以来，股价一直受挫，因为无法维持受疫情支出和刺激措施推动的高速增长。今天的要点是，Chewy 股票市场已经趋于正常化，其业务在上半年转好，为完成技术逆转奠定了基础，将引领持续的涨势。</p>
<p>关键要点是 Chewy 的执行良好，改善了收入和盈利的质量。同时，客户数量开始增长，行业预测包括支出多年加速增长。</p>
<h2><strong>执行推动参与，参与产生增长</strong></h2>
<p>Chewy 的第二季度业绩符合共识，但关键细节显示客户数量和每位客户的收入在逐步增长，客户收入同比增长，创下新纪录。收入符合预期；边际和可持续增长前景提振了市场情绪。该公司在各个层面扩大了边际，包括普通会计准则和调整后的边际，使 EBITA、净边际和盈利显著提高，预计将保持。</p>
<p>Autoship 是另一个强项。与去年相比，autoship 客户数量略有下降，但仅有轻微下降，但收入的顺序增长和改善抵消了这一点。 Autoship 销售额，即循环收入，增长了 5.8%，贡献率提高了 230 个基点。 Autoship 现在占净收入的 78%，为未来收入和盈利提供明确的可见性。</p>
<p>Chewy 没有提供具体的指导，但对未来持乐观态度。行业趋势表明今年增长已经触底，明年将开始加速。宠物护理行业今年预计增长低个位数，预计明年将加速至 5%，并在本十年末达到 7% 以上。</p>
<h2><strong>被低估的 Chewy 股票将走高</strong></h2>
<p>Chewy 股票今年的市盈率为 27.5 倍，高于整个市场，但市场低估了增长前景。预计盈利将在 2024 年增长 15%，并在接下来的几年加速，到 2030 年将估值降至低两位数。在此期间，Chewy 的现金流正面业务将使其能够继续投资增长，同时提高股东价值，这是股价的追随者，要求更高的倍数。</p>
<p>Chewy 的第二季度导致股东权益略微下降，但没有引起红旗。增加的现金、持平的负债和低杠杆抵消了轻微的资产下降。总义务占股东权益的 5.3 倍，占资产的 0.85 倍，长期义务仅占现金的 0.06 倍和股东权益的 0.09 倍，使公司有能力追求其战略。2024 年的战略包括增加其奖励计划的会员人数，扩大影响力，通过宠物健康应用程序和兽医服务与客户互动，扩大到加拿大，并改善产品线。</p>
<h2><strong>Chewy 分析师重新聚焦其股票</strong></h2>
<p>Chewy 分析师一直支持该公司，但价格目标的修订在上半年对市场产生了压力，这一趋势在第三季度的前半部分发生了变化。分析师已经开始再次提高他们的价格目标，标志着与关键支撑目标重合的行动底部。这些目标范围从 25 美元到 27.50 美元，为股价提供技术支撑。</p>
<p>共识估计比去年下降了 35%，但在夏季触底，现在正在上升。唯一的坏消息是共识低于当前股价，但投资者无需担心。五分之四或 80% 的最新目标范围从 30 美元到 35 美元，预示着未来有 5% 到 20% 的上涨。由于第二季度表现和增长前景显示的实力，投资者可以期待上行修订的持续。</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/articles/med_20240828085951_chwy-8282024.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/articles/med_20240828085951_chwy-8282024.png"/></p>
<p>→ 忘记民意调查，这次选举会发生什么（来自 Paradigm Press）（广告）</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05MzUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05MzUw"/></p>
<h2>您现在是否应该投资 1000 美元购买 Chewy 股票？</h2>
<p>在考虑 Chewy 之前，您可能想听听这个。</p>
<p>MarketBeat 每天跟踪华尔街评级最高、表现最佳的研究分析师以及他们建议客户购买的股票。MarketBeat 已经确定了五只顶级分析师悄悄告诉他们的客户现在购买的股票...而 Chewy 不在名单上。</p>
<p>虽然 Chewy 目前在分析师中有 “中等买入” 评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票</p>

CHWY

<p>Chewy 的股票正在显示出潜力，有望在经历了因疫情驱动的增长而出现波动后实现显著复苏。公司最近的表现表明，营收和客户增长有所改善，特别是在其自动发货销售方面。分析师们正在上调价格目标，表明尽管当前共识低于股价，但展望积极。Chewy 在 2024 年的战略包括加强其奖励计划并拓展新市场，将公司定位于宠物护理行业的持续增长，以从当前挑战中复苏</p>

<p><strong>Chewy’s NYSE: CHWY</strong> stock price has struggled since the peaks set in 2020 because it could not sustain the wicked-hot growth pace driven by pandemic spending and stimulus measures. Today’s takeaway is that the market for Chewy stock has normalized, and its business turned a corner in the first half of the year, setting it up to complete a technical reversal that will lead to a sustained rally.</p>
<div class="lb-trans"><p><strong>Chewy 的纽约证券交易所股票代码为 CHWY</strong> 自 2020 年创下高峰以来，股价一直受挫，因为无法维持受疫情支出和刺激措施推动的高速增长。今天的要点是，Chewy 股票市场已经趋于正常化，其业务在上半年转好，为完成技术逆转奠定了基础，将引领持续的涨势。</p>
</div><p>The critical takeaway is that Chewy is executing well, improving the quality of its revenue and earnings. At the same time, the customer count returns to growth, and the industry forecast includes a multi-year acceleration in spending.</p>
<div class="lb-trans"><p>关键要点是 Chewy 的执行良好，改善了收入和盈利的质量。同时，客户数量开始增长，行业预测包括支出多年加速增长。</p>
</div><h2><strong>Execution Drives Engagement, Engagement Produces Growth for Chewy</strong></h2>
<div class="lb-trans"><h2><strong>执行推动参与，参与产生增长</strong></h2>
</div><p>Chewy’s Q2 results aligned with the consensus, but critical details show customer count and revenue per customer growing sequentially, with revenue per client up YoY, setting a new record. Revenue was as expected; the margin and outlook for sustainable growth lift market sentiment. The company widened its margin at all levels, GAAP and adjusted, which produced a significant double-digit improvement in EBITA, net margin, and earnings, which are expected to stick.</p>
<div class="lb-trans"><p>Chewy 的第二季度业绩符合共识，但关键细节显示客户数量和每位客户的收入在逐步增长，客户收入同比增长，创下新纪录。收入符合预期；边际和可持续增长前景提振了市场情绪。该公司在各个层面扩大了边际，包括普通会计准则和调整后的边际，使 EBITA、净边际和盈利显著提高，预计将保持。</p>
</div><p>Autoship was another area of strength. The number of autoship clients fell compared to last year but only marginally, but a sequential gain and improvement in revenue offset it. Autoship sales, which equate to recurring revenue, grew by 5.8% and gained 230 bps in contribution impact. Autoship is now 78% of the net revenue and provides clear visibility for future revenue and earnings.</p>
<div class="lb-trans"><p>Autoship 是另一个强项。与去年相比，autoship 客户数量略有下降，但仅有轻微下降，但收入的顺序增长和改善抵消了这一点。 Autoship 销售额，即循环收入，增长了 5.8%，贡献率提高了 230 个基点。 Autoship 现在占净收入的 78%，为未来收入和盈利提供明确的可见性。</p>
</div><p>Chewy does not give specific guidance but is optimistic about the future. Industry trends suggest a trough in growth was reached this year and will begin to accelerate next. The pet care industry is tracking for low-single-digit growth this year, which is expected to accelerate to 5% next year and reach upward of 7% by the end of the decade.</p>
<div class="lb-trans"><p>Chewy 没有提供具体的指导，但对未来持乐观态度。行业趋势表明今年增长已经触底，明年将开始加速。宠物护理行业今年预计增长低个位数，预计明年将加速至 5%，并在本十年末达到 7% 以上。</p>
</div><h2><strong>Undervalued, Chewy Stock Is Heading Higher</strong></h2>
<div class="lb-trans"><h2><strong>被低估的 Chewy 股票将走高</strong></h2>
</div><p>Chewy stock is trading at a premium to the broad market with a P/E of 27.5x this year’s earnings, but the market is undervaluing the growth outlook. Earnings are forecast to grow by 15% in 2024 and to accelerate over the following years, putting the valuation in the low teens by 2030. In that time, Chewy’s cash-flow-positive business will allow it to continue investing in growth while improving shareholder value, which are tailwinds for the stock price demanding a higher multiple.</p>
<div class="lb-trans"><p>Chewy 股票今年的市盈率为 27.5 倍，高于整个市场，但市场低估了增长前景。预计盈利将在 2024 年增长 15%，并在接下来的几年加速，到 2030 年将估值降至低两位数。在此期间，Chewy 的现金流正面业务将使其能够继续投资增长，同时提高股东价值，这是股价的追随者，要求更高的倍数。</p>
</div><p>Chewy’s Q2 resulted in a slight decrease in shareholder equity, but no red flags were raised. Increased cash, flat liabilities, and low leverage offset a slight asset decline. Total obligations run at 5.3x equity and 0.85x assets, with long-term obligations at only 0.06x cash and 0.09x equity, leaving the company in solid shape to pursue its strategies. Strategies pursued in 2024 include increasing membership in its rewards program, expanding reach, engaging with clients through a pet-wellness app and veterinary services, expanding into Canada, and improving the product line.</p>
<div class="lb-trans"><p>Chewy 的第二季度导致股东权益略微下降，但没有引起红旗。增加的现金、持平的负债和低杠杆抵消了轻微的资产下降。总义务占股东权益的 5.3 倍，占资产的 0.85 倍，长期义务仅占现金的 0.06 倍和股东权益的 0.09 倍，使公司有能力追求其战略。2024 年的战略包括增加其奖励计划的会员人数，扩大影响力，通过宠物健康应用程序和兽医服务与客户互动，扩大到加拿大，并改善产品线。</p>
</div><h2><strong>Chewy Analysts Bring Its Stock Back into Focus</strong></h2>
<div class="lb-trans"><h2><strong>Chewy 分析师重新聚焦其股票</strong></h2>
</div><p>Chewy analysts have steadfastly supported the company, but price target revisions weighed on the market in the first half of the year, a trend that changed in the first part of Q3. Analysts have begun to lift their price targets again, signaling a floor for the action coinciding with critical support targets. Those targets range from $25 to $27.50, providing technical support for the stock price.</p>
<div class="lb-trans"><p>Chewy 分析师一直支持该公司，但价格目标的修订在上半年对市场产生了压力，这一趋势在第三季度的前半部分发生了变化。分析师已经开始再次提高他们的价格目标，标志着与关键支撑目标重合的行动底部。这些目标范围从 25 美元到 27.50 美元，为股价提供技术支撑。</p>
</div><p>The consensus estimate is down 35% from last year but hit bottom over the summer and is now tracking higher. The only bad news is that the consensus is below the current stock price, but investors needn’t worry. Four of five or 80% of the freshest targets range from $30 to $35, suggesting a 5% to 20% upside lie ahead. Investors can expect upward revisions to continue because of the strengths shown in Q2 and the growth outlook.</p>
<div class="lb-trans"><p>共识估计比去年下降了 35%，但在夏季触底，现在正在上升。唯一的坏消息是共识低于当前股价，但投资者无需担心。五分之四或 80% 的最新目标范围从 30 美元到 35 美元，预示着未来有 5% 到 20% 的上涨。由于第二季度表现和增长前景显示的实力，投资者可以期待上行修订的持续。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/articles/med_20240828085951_chwy-8282024.png" alt="" original-src="https://www.marketbeat.com/logos/articles/med_20240828085951_chwy-8282024.png"/></p>
<p>→ Forget the Polls, Here’s What Will Happen this Election (From Paradigm Press)(Ad)</p>
<div class="lb-trans"><p>→ 忘记民意调查，这次选举会发生什么（来自 Paradigm Press）（广告）</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05MzUw" alt="" original-src="https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx?TriggeredCampaignID=9350&amp;Placement=NativeDisplay&amp;Source=NativeDisplay"/></p>
<h2>Should you invest $1,000 in Chewy right now?</h2>
<div class="lb-trans"><h2>您现在是否应该投资 1000 美元购买 Chewy 股票？</h2>
</div><p>Before you consider Chewy, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑 Chewy 之前，您可能想听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chewy wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街评级最高、表现最佳的研究分析师以及他们建议客户购买的股票。MarketBeat 已经确定了五只顶级分析师悄悄告诉他们的客户现在购买的股票...而 Chewy 不在名单上。</p>
</div><p>While Chewy currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 Chewy 目前在分析师中有 “中等买入” 评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

Chewy 的股票有望迎来重大反弹：不要错过