<h2>关键点</h2>
<ul>
<li>Chewy 在价格竞争和客户服务方面优于亚马逊等竞争对手。</li>
<li>尽管股价下跌，Chewy 的净销售额仍在增长。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
<p><strong>Chewy</strong>（纽约证券交易所代码：CHWY）股票在 2021 年疫情后期达到峰值后经历了多年的挣扎。自那次历史高点以来，股价已下跌约 78%。</p>
<p>尽管如此，考虑到公司的现状，股票的走势在未来五年内可能会出现反转。以下是我们认为现在可能是看好这只专业零售股票的原因。</p>
<p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2Mjg5NS9jaHd5X3RtZi5wbmcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="467" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2Mjg5NS9jaHd5X3RtZi5wbmcmdz03MDA"/></p>
<p>图片来源：The Motley Fool。</p>
<h2>投资者需要了解的关于 Chewy 的信息</h2>
<p>关于 Chewy，最令人惊讶的是其财务表现与过去几年的股价活动完全不符。</p>
<p>当股票在 2021 年达到峰值时，宠物主人倾向于在线购买更多宠物相关产品。这使得 Chewy 能够保持价格竞争力，同时提供其他以交易为中心的电子商务公司（如 <strong>亚马逊</strong>）所无法提供的高水平服务。</p>
<p>Chewy 还通过自动订购计划脱颖而出，该计划在给定时间后自动订购产品。如今，自动订购占其净销售额的 83% 以上。</p>
<p>尽管如此，正当公司在 2022 年实现盈利时，股票的受欢迎程度却下降，因此其市盈率并不是一个有意义的估值指标。此外，当时其市销率（P/S）为 7，远高于亚马逊。</p>
<p>因此，随着消费者回归线下购物，投资者对 Chewy 股票的看法开始转变，自 2022 年以来股价一直在一个区间内波动。</p>
<p>尽管增长率放缓，Chewy 仍继续增加销售额并实现盈利。它还增加了新的业务线，如宠物药房、远程医疗服务和提供免费送货及其他福利的 Chewy+ 订阅服务。</p>
<p>此外，Chewy 在五个州提供面对面的兽医护理。尽管目前仅运营 18 家诊所，但其扩展潜力巨大。</p>
<p>这些产品和较低的股价改变了 Chewy 股票的游戏规则。其 50 的市盈率可能看起来很高，但与亚马逊在其电子商务增长阶段相比是相当的。此外，Chewy 的市销率降至 0.9，显著改变了其价值主张。</p>
<p>展望未来，分析师预测今年利润增长 26%，到 2027 年增长 24%。随着越来越多的投资者认识到这一增长和 Chewy 的低估值，他们可能会开始购买更多的股票。</p>
<h2>买入 Chewy 股票</h2>
<p>时间会证明 Chewy 是否是一次千载难逢的买入机会。然而，在未来五年内，Chewy 股票似乎有望逆转之前五年的部分或全部下跌。</p>
<p>尽管由于疫情结束而出现放缓，Chewy 从未停止增长销售水平，证明了其能够与亚马逊竞争。此外，Chewy 增加的服务为宠物主人提供了更多从公司购买的理由。</p>
<p>因此，在低估值和年利润增长率远超两位数的情况下，Chewy 股票可能正在为戏剧性的反弹做好准备。</p>
<h2>你现在应该买入 Chewy 股票吗？</h2>
<p>在你购买 Chewy 股票之前，请考虑以下几点：</p>
<p><em>Motley Fool Stock Advisor</em> 分析师团队刚刚确定了他们认为现在投资者应该购买的 <strong>10 只最佳股票</strong>……而 Chewy 并不在其中。入选的 10 只股票在未来几年可能会产生巨额回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 501,381 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,012,581 美元</strong>！*</p>
<p>现在值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 880%——相比之下，标准普尔 500 指数的回报率为 178%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor_。</strong></p>
<p><strong>查看 10 只股票 »</strong></p>
<p><em>*Stock Advisor 的回报截至 2026 年 4 月 1 日。</em></p>
<p><em>Will Healy 在提到的任何股票中没有持仓。The Motley Fool 持有并推荐亚马逊和 Chewy 的股票。The Motley Fool 有披露政策。</em></p>
<p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc.的观点。</p>

CHWY

<p>Chewy 的股票表现不佳，自 2021 年峰值以来下跌了 78%，尽管净销售额和盈利能力有所增加。该公司扩展了服务，包括宠物药房和远程医疗，这可能推动未来的增长。分析师预测今年利润增长 26%，到 2027 年增长 24%，这暗示着股票可能反弹。然而，Chewy 并未被纳入最近的顶级股票推荐名单，显示出投资者情绪不一。总体而言，Chewy 的低估值和增长前景可能在未来五年内提供一个买入机会</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键点</h2>
</div><ul>
<li>Chewy stood out over the likes of Amazon with competitive pricing and superior customer service.</li>
<li>Net sales for Chewy increased even as the stock price dropped.</li>
<li>10 stocks we like better than Chewy ›</li>
</ul>
<div class="lb-trans"><ul>
<li>Chewy 在价格竞争和客户服务方面优于亚马逊等竞争对手。</li>
<li>尽管股价下跌，Chewy 的净销售额仍在增长。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
</div><p><strong>Chewy</strong>(NYSE: CHWY) stock has endured years of struggle after it peaked in 2021 during the later stages of the pandemic. Since achieving that all-time high, the stock is down by about 78%.</p>
<div class="lb-trans"><p><strong>Chewy</strong>（纽约证券交易所代码：CHWY）股票在 2021 年疫情后期达到峰值后经历了多年的挣扎。自那次历史高点以来，股价已下跌约 78%。</p>
</div><p>Nonetheless, considering the state of the company, the stock's direction is likely on track for a reversal over the next five years. Here's why it is probably time to turn bullish on the specialty retail stock.</p>
<div class="lb-trans"><p>尽管如此，考虑到公司的现状，股票的走势在未来五年内可能会出现反转。以下是我们认为现在可能是看好这只专业零售股票的原因。</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2Mjg5NS9jaHd5X3RtZi5wbmcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F862895%2Fchwy_tmf.png&amp;w=700"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：The Motley Fool。</p>
</div><h2>What investors need to know about Chewy</h2>
<div class="lb-trans"><h2>投资者需要了解的关于 Chewy 的信息</h2>
</div><p>The most surprising thing about Chewy is that its financial performance bears no resemblance to the stock price activity over the last few years.</p>
<div class="lb-trans"><p>关于 Chewy，最令人惊讶的是其财务表现与过去几年的股价活动完全不符。</p>
</div><p>When the stock peaked in 2021, pet owners tended to buy more of their pet-related products online. This played into Chewy's strengths by keeping its prices competitive while offering a high level of service not found at more transaction-focused e-commerce companies such as <strong>Amazon</strong>.</p>
<div class="lb-trans"><p>当股票在 2021 年达到峰值时，宠物主人倾向于在线购买更多宠物相关产品。这使得 Chewy 能够保持价格竞争力，同时提供其他以交易为中心的电子商务公司（如 <strong>亚马逊</strong>）所无法提供的高水平服务。</p>
</div><p>Chewy also stood out with an autoship plan that automatically orders products after a given period. Today, autoship makes up more than 83% of its net sales.</p>
<div class="lb-trans"><p>Chewy 还通过自动订购计划脱颖而出，该计划在给定时间后自动订购产品。如今，自动订购占其净销售额的 83% 以上。</p>
</div><p>Nonetheless, the stock's popularity dropped right as the company had turned profitable in 2022, so its P/E ratio was not a meaningful valuation measure. Moreover, its price-to-sales (P/S) ratio of 7 was far higher than that of Amazon at that time.</p>
<div class="lb-trans"><p>尽管如此，正当公司在 2022 年实现盈利时，股票的受欢迎程度却下降，因此其市盈率并不是一个有意义的估值指标。此外，当时其市销率（P/S）为 7，远高于亚马逊。</p>
</div><p>Hence, as shoppers returned to offline shopping, investors began to sour on Chewy stock, and it has traded in a range since 2022.</p>
<div class="lb-trans"><p>因此，随着消费者回归线下购物，投资者对 Chewy 股票的看法开始转变，自 2022 年以来股价一直在一个区间内波动。</p>
</div><p>Still, even though growth rates slowed, Chewy continued to increase sales levels as it turned profitable. It also added new lines of business, such as a pet pharmacy, telehealth services, and a Chewy+ subscription service that offers free shipping and other benefits.</p>
<div class="lb-trans"><p>尽管增长率放缓，Chewy 仍继续增加销售额并实现盈利。它还增加了新的业务线，如宠物药房、远程医疗服务和提供免费送货及其他福利的 Chewy+ 订阅服务。</p>
</div><p>Additionally, Chewy offers in-person vet care in five states. Though it operates only 18 clinics for now, it holds a massive amount of potential for expansion.</p>
<div class="lb-trans"><p>此外，Chewy 在五个州提供面对面的兽医护理。尽管目前仅运营 18 家诊所，但其扩展潜力巨大。</p>
</div><p>These offerings and the lower stock price have changed the game for Chewy stock. Its 50 P/E ratio may seem high, but it compares well to Amazon during its e-commerce growth phase. Also, Chewy's P/S ratio is down to 0.9, dramatically changing its value proposition.</p>
<div class="lb-trans"><p>这些产品和较低的股价改变了 Chewy 股票的游戏规则。其 50 的市盈率可能看起来很高，但与亚马逊在其电子商务增长阶段相比是相当的。此外，Chewy 的市销率降至 0.9，显著改变了其价值主张。</p>
</div><p>Looking forward, analysts forecast 26% profit growth this year and 24% in 2027. As more investors recognize this growth and Chewy's low valuation, they will likely begin to buy more of its stock.</p>
<div class="lb-trans"><p>展望未来，分析师预测今年利润增长 26%，到 2027 年增长 24%。随着越来越多的投资者认识到这一增长和 Chewy 的低估值，他们可能会开始购买更多的股票。</p>
</div><h2>Buy Chewy stock</h2>
<div class="lb-trans"><h2>买入 Chewy 股票</h2>
</div><p>Time will tell whether Chewy is a once-in-a-lifetime buying opportunity. However, over the next five years, Chewy stock appears on track to reverse some or all of the declines over the previous five.</p>
<div class="lb-trans"><p>时间会证明 Chewy 是否是一次千载难逢的买入机会。然而，在未来五年内，Chewy 股票似乎有望逆转之前五年的部分或全部下跌。</p>
</div><p>Despite the slowdown that came due to the end of the pandemic, Chewy never stopped growing its sales levels, proving it could compete with Amazon. Also, Chewy's added services gave pet owners more reasons to buy from the company.</p>
<div class="lb-trans"><p>尽管由于疫情结束而出现放缓，Chewy 从未停止增长销售水平，证明了其能够与亚马逊竞争。此外，Chewy 增加的服务为宠物主人提供了更多从公司购买的理由。</p>
</div><p>Thus, amid a low valuation and annual profit growth that is well into the double digits, Chewy stock is probably setting itself up for a dramatic rebound.</p>
<div class="lb-trans"><p>因此，在低估值和年利润增长率远超两位数的情况下，Chewy 股票可能正在为戏剧性的反弹做好准备。</p>
</div><h2>Should you buy stock in Chewy right now?</h2>
<div class="lb-trans"><h2>你现在应该买入 Chewy 股票吗？</h2>
</div><p>Before you buy stock in Chewy, consider this:</p>
<div class="lb-trans"><p>在你购买 Chewy 股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Chewy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p><em>Motley Fool Stock Advisor</em> 分析师团队刚刚确定了他们认为现在投资者应该购买的 <strong>10 只最佳股票</strong>……而 Chewy 并不在其中。入选的 10 只股票在未来几年可能会产生巨额回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $501,381</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,012,581</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 501,381 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,012,581 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 880% — a market-crushing outperformance compared to 178% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 880%——相比之下，标准普尔 500 指数的回报率为 178%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor_。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of April 1, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 的回报截至 2026 年 4 月 1 日。</em></p>
</div><p><em>Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Chewy. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Will Healy 在提到的任何股票中没有持仓。The Motley Fool 持有并推荐亚马逊和 Chewy 的股票。The Motley Fool 有披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc.的观点。</p>
</div>

Chewy 的股票目前表现不佳——但五年后会如何呢？