<p><strong>Chewy 的紐約證券交易所股票代碼為 CHWY</strong> 自 2020 年創下高峰以來，股價一直受挫，因為無法維持受疫情支出和刺激措施推動的高速增長。今天的要點是，Chewy 股票市場已經趨於正常化，其業務在上半年轉好，為完成技術逆轉奠定了基礎，將引領持續的漲勢。</p>
<p>關鍵要點是 Chewy 的執行良好，改善了收入和盈利的質量。同時，客户數量開始增長，行業預測包括支出多年加速增長。</p>
<h2><strong>執行推動參與，參與產生增長</strong></h2>
<p>Chewy 的第二季度業績符合共識，但關鍵細節顯示客户數量和每位客户的收入在逐步增長，客户收入同比增長，創下新紀錄。收入符合預期；邊際和可持續增長前景提振了市場情緒。該公司在各個層面擴大了邊際，包括普通會計準則和調整後的邊際，使 EBITA、淨邊際和盈利顯著提高，預計將保持。</p>
<p>Autoship 是另一個強項。與去年相比，autoship 客户數量略有下降，但僅有輕微下降，但收入的順序增長和改善抵消了這一點。 Autoship 銷售額，即循環收入，增長了 5.8%，貢獻率提高了 230 個基點。 Autoship 現在佔淨收入的 78%，為未來收入和盈利提供明確的可見性。</p>
<p>Chewy 沒有提供具體的指導，但對未來持樂觀態度。行業趨勢表明今年增長已經觸底，明年將開始加速。寵物護理行業今年預計增長低個位數，預計明年將加速至 5%，並在本十年末達到 7% 以上。</p>
<h2><strong>被低估的 Chewy 股票將走高</strong></h2>
<p>Chewy 股票今年的市盈率為 27.5 倍，高於整個市場，但市場低估了增長前景。預計盈利將在 2024 年增長 15%，並在接下來的幾年加速，到 2030 年將估值降至低兩位數。在此期間，Chewy 的現金流正面業務將使其能夠繼續投資增長，同時提高股東價值，這是股價的追隨者，要求更高的倍數。</p>
<p>Chewy 的第二季度導致股東權益略微下降，但沒有引起紅旗。增加的現金、持平的負債和低槓桿抵消了輕微的資產下降。總義務佔股東權益的 5.3 倍，佔資產的 0.85 倍，長期義務僅佔現金的 0.06 倍和股東權益的 0.09 倍，使公司有能力追求其戰略。2024 年的戰略包括增加其獎勵計劃的會員人數，擴大影響力，通過寵物健康應用程序和獸醫服務與客户互動，擴大到加拿大，並改善產品線。</p>
<h2><strong>Chewy 分析師重新聚焦其股票</strong></h2>
<p>Chewy 分析師一直支持該公司，但價格目標的修訂在上半年對市場產生了壓力，這一趨勢在第三季度的前半部分發生了變化。分析師已經開始再次提高他們的價格目標，標誌着與關鍵支撐目標重合的行動底部。這些目標範圍從 25 美元到 27.50 美元，為股價提供技術支撐。</p>
<p>共識估計比去年下降了 35%，但在夏季觸底，現在正在上升。唯一的壞消息是共識低於當前股價，但投資者無需擔心。五分之四或 80% 的最新目標範圍從 30 美元到 35 美元，預示着未來有 5% 到 20% 的上漲。由於第二季度表現和增長前景顯示的實力，投資者可以期待上行修訂的持續。</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>→ 忘記民意調查，這次選舉會發生什麼（來自 Paradigm Press）（廣告）</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>您現在是否應該投資 1000 美元購買 Chewy 股票？</h2>
<p>在考慮 Chewy 之前，您可能想聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街評級最高、表現最佳的研究分析師以及他們建議客户購買的股票。MarketBeat 已經確定了五隻頂級分析師悄悄告訴他們的客户現在購買的股票...而 Chewy 不在名單上。</p>
<p>雖然 Chewy 目前在分析師中有 “中等買入” 評級，但頂級分析師認為這五隻股票更值得購買。</p>
<p>查看這五隻股票</p>

CHWY

<p>Chewy 的股票正在顯示出潛力，有望在經歷了因疫情驅動的增長而出現波動後實現顯著復甦。公司最近的表現表明，營收和客户增長有所改善，特別是在其自動發貨銷售方面。分析師們正在上調價格目標，表明儘管當前共識低於股價，但展望積極。Chewy 在 2024 年的戰略包括加強其獎勵計劃並拓展新市場，將公司定位於寵物護理行業的持續增長，以從當前挑戰中復甦</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 的紐約證券交易所股票代碼為 CHWY</strong> 自 2020 年創下高峰以來，股價一直受挫，因為無法維持受疫情支出和刺激措施推動的高速增長。今天的要點是，Chewy 股票市場已經趨於正常化，其業務在上半年轉好，為完成技術逆轉奠定了基礎，將引領持續的漲勢。</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>關鍵要點是 Chewy 的執行良好，改善了收入和盈利的質量。同時，客户數量開始增長，行業預測包括支出多年加速增長。</p>
</div><h2><strong>Execution Drives Engagement, Engagement Produces Growth for Chewy</strong></h2>
<div class="lb-trans"><h2><strong>執行推動參與，參與產生增長</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 的第二季度業績符合共識，但關鍵細節顯示客户數量和每位客户的收入在逐步增長，客户收入同比增長，創下新紀錄。收入符合預期；邊際和可持續增長前景提振了市場情緒。該公司在各個層面擴大了邊際，包括普通會計準則和調整後的邊際，使 EBITA、淨邊際和盈利顯著提高，預計將保持。</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 是另一個強項。與去年相比，autoship 客户數量略有下降，但僅有輕微下降，但收入的順序增長和改善抵消了這一點。 Autoship 銷售額，即循環收入，增長了 5.8%，貢獻率提高了 230 個基點。 Autoship 現在佔淨收入的 78%，為未來收入和盈利提供明確的可見性。</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 沒有提供具體的指導，但對未來持樂觀態度。行業趨勢表明今年增長已經觸底，明年將開始加速。寵物護理行業今年預計增長低個位數，預計明年將加速至 5%，並在本十年末達到 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 股票將走高</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 股票今年的市盈率為 27.5 倍，高於整個市場，但市場低估了增長前景。預計盈利將在 2024 年增長 15%，並在接下來的幾年加速，到 2030 年將估值降至低兩位數。在此期間，Chewy 的現金流正面業務將使其能夠繼續投資增長，同時提高股東價值，這是股價的追隨者，要求更高的倍數。</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 的第二季度導致股東權益略微下降，但沒有引起紅旗。增加的現金、持平的負債和低槓桿抵消了輕微的資產下降。總義務佔股東權益的 5.3 倍，佔資產的 0.85 倍，長期義務僅佔現金的 0.06 倍和股東權益的 0.09 倍，使公司有能力追求其戰略。2024 年的戰略包括增加其獎勵計劃的會員人數，擴大影響力，通過寵物健康應用程序和獸醫服務與客户互動，擴大到加拿大，並改善產品線。</p>
</div><h2><strong>Chewy Analysts Bring Its Stock Back into Focus</strong></h2>
<div class="lb-trans"><h2><strong>Chewy 分析師重新聚焦其股票</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 分析師一直支持該公司，但價格目標的修訂在上半年對市場產生了壓力，這一趨勢在第三季度的前半部分發生了變化。分析師已經開始再次提高他們的價格目標，標誌着與關鍵支撐目標重合的行動底部。這些目標範圍從 25 美元到 27.50 美元，為股價提供技術支撐。</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>共識估計比去年下降了 35%，但在夏季觸底，現在正在上升。唯一的壞消息是共識低於當前股價，但投資者無需擔心。五分之四或 80% 的最新目標範圍從 30 美元到 35 美元，預示着未來有 5% 到 20% 的上漲。由於第二季度表現和增長前景顯示的實力，投資者可以期待上行修訂的持續。</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>→ 忘記民意調查，這次選舉會發生什麼（來自 Paradigm Press）（廣告）</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>您現在是否應該投資 1000 美元購買 Chewy 股票？</h2>
</div><p>Before you consider Chewy, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮 Chewy 之前，您可能想聽聽這個。</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 每天跟蹤華爾街評級最高、表現最佳的研究分析師以及他們建議客户購買的股票。MarketBeat 已經確定了五隻頂級分析師悄悄告訴他們的客户現在購買的股票...而 Chewy 不在名單上。</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>雖然 Chewy 目前在分析師中有 “中等買入” 評級，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看這五隻股票</p>
</div>

Chewy 的股票有望迎來重大反彈：不要錯過