文章核心观点 - 宠物用品零售商Chewy公司发布了2024年第二季度业绩,销售额和调整后每股收益均超出预期 [1][2][3] - 公司表示通过手机应用程序下单的独立客户数同比增长约13%,整体手机应用程序订单量增加约15% [4][5] - 公司表示活跃客户数在上一季度后首次环比增长,这令分析师感到鼓舞 [6][7] 根据相关目录分别进行总结 财务表现 - 公司2024年第二季度销售额为28.6亿美元,同比增长2.6%,接近市场预期和公司指引 [2] - 公司调整后每股收益为0.24美元,高于市场预期0.02美元和去年同期0.15美元 [3] 客户表现 - 通过手机应用程序下单的独立客户数同比增长约13% [4] - 整体手机应用程序订单量增加约15% [4][5] - 公司活跃客户数在上一季度后首次环比增长,分析师对此感到鼓舞 [6][7]

Chewy delivered strong bottom-line growth in its second-quarter report. Shares of Chewy (CHWY 15.58%) were soaring today after the online pet products seller posted strong earnings growth in its second-quarter earnings report, showing the pet products industry may finally be emerging from a long slump. As a result, Chewy stock was up 15% as of 10:20 a.m. ET on the news. Chewy hops over a low bar Chewy's growth rate remained muted in the second quarter as revenue rose 2.6% to $2.86 billion, matching estimate ...

Chewy (CHWY) stock is soaring in Wednesday's session after the online pet products retailer blew past earnings expectations for its second quarter. In the 13 weeks ended July 28, Chewy said its earnings per share (EPS) jumped to 24 cents from 9 cents in the year-ago period. Revenue was up 2.6% year-over-year to $2.86 billion, helped by a 5.8% jump in Autoship customer sales to $2.24 billion. "Our Q2 performance reflects another quarter of strong execution, delivering net sales at the high end of our guidanc ...

TH the state n and in 5 and and the ... while r and e the and the the first the p d 1969 8 # 75.85 T Colonial HD E t H the state the first the first 4000 t sitox Investment Thesis Chewy, Inc. (NYSE:CHWY) continues to prove doubters wrong (yes, me too). Not only is the business resolutely shaking off its post-Covid blues, but more importantly, it appears that starting in Q4 2024, the business will be back to growth mode. And yet, the stock is already priced at 19x forward EBITDA. This means despite all of ma ...

财务数据和关键指标变化 - 第二季度净销售额为28.6亿美元,同比增长2.6% [33] - 活跃客户数量小幅环比增长,这是自2023年第一季度以来首次实现环比增长 [34] - 每活跃客户净销售额(NSPAC)创下新纪录,达到565美元,同比增长6.2% [36] - 自动订阅(Autoship)客户销售额达22亿美元,同比增长5.8%,占总净销售额的78.4% [37] - 毛利率为29.5%,同比增加120个基点 [38] - 销售、一般及管理费用(SG&A)为5.388亿美元,占净销售额的18.8%,同比下降100个基点 [39][40] - 调整后净收益为1.048亿美元,同比增长62% [41][42][43] 各条业务线数据和关键指标变化 - 消费品和健康类业务占总销售额约85%,表现强劲 [12] - 公司正在持续拓展硬品类业务,该类业务已趋于稳定 [84][85] - Chewy Vet Care诊所业务正在扩张,已开设6家门店,为公司带来新客户并提升客户粘性 [26][27][28][29] - Sponsored Ads广告业务持续增长,有望在2024年底达到净销售额的1%-3% [30][31] 各个市场数据和关键指标变化 - 加拿大市场表现符合预期,客户交易活跃度和篮筐规模超出预期 [66] - 公司正在加大对加拿大市场的投入,以提升品牌知名度并提高营销效率 [66] 公司战略和发展方向及行业竞争 - 公司持续专注于提升移动端用户体验,移动端订单占比有望进一步提升 [79][80][90] - 公司正在通过精细化客户分群和个性化营销,提高客户质量和复购率 [93][94][95] - 行业整体趋于稳定,公司在非耐用品和健康品类保持竞争优势 [110][111] 管理层对经营环境和未来前景的评论 - 管理层对行业绿色芽头信号持乐观态度,认为宠物收养量增加、遗弃量下降的趋势有望持续 [58][59][60] - 管理层预计2025年公司将实现更均衡的活跃客户和NSPAC增长 [61] - 管理层对公司未来盈利能力持乐观态度,预计毛利率和调整后EBITDA利润率将持续提升 [51][52] 其他重要信息 - 公司在本季度进行了大规模股票回购,共计约1.97亿股,总金额约5.32亿美元 [46][47] - 公司预计2024财年全年股票期权费用将约为3.05亿美元,较年初预期下调 [53] 问答环节重要的提问和回答 问题1 **Doug Anmuth 提问** 最近几个月宠物收养和遗弃的趋势如何?公司对2025财年的增长预期如何? [57] **Sumit Singh 回答** 公司观察到宠物收养量同比增长低个位数,遗弃量同比下降低个位数,行业整体趋于稳定 [58][59][60] 公司希望并预计2025财年将实现更均衡的活跃客户和NSPAC增长 [61] 问题2 **Mark Mahaney 提问** 公司未来是否能够保持相对稳定的销售、管理费用水平?公司在加拿大市场的表现如何? [63] **David Reeder 回答** 公司凭借可预测的经常性收入模式和规模效应,有望维持相对稳定的销售、管理费用水平 [64][65] 加拿大市场表现符合预期,客户参与度和篮筐规模超出预期,公司未来不会大幅增加对加拿大市场的投入 [66] 问题3 **Michael Morton 提问** 疫情后消费者的购买行为和渠道偏好发生了哪些变化?公司如何应对竞争环境的变化? [68][70] **Sumit Singh 回答** 电商渗透率大幅提升,公司把握住了这一趋势,并持续优化移动端用户体验,提高移动端订单占比 [71][72][73] 行业整体创新乏力,公司通过推出会员计划、广告业务等创新业务保持竞争优势 [73][74][75]

Chewy Today CHWY Chewy $29.15 +3.29 (+12.72%) 52-Week Range $14.69 ▼ $39.10 P/E Ratio 161.94 Price Target $27.57 Add to Watchlist Chewy's NYSE: CHWY 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 sus ...

For the quarter ended July 2024, Chewy (CHWY) reported revenue of $2.86 billion, up 2.9% over the same period last year. EPS came in at $0.24, compared to $0.15 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.86 billion, representing a surprise of -0.09%. The company delivered an EPS surprise of +9.09%, with the consensus EPS estimate being $0.22. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

Key Takeaways Chewy reported second-quarter earnings well above forecasts as its customers spent more on pet food and supplies. The retailer had a decline in total active customers, but the ones it did have spent a record amount. Chewy also posted an increase in revenue from those who had their orders shipped to them automatically. Chewy (CHWY) shares surged Wednesday as the online pet supplies retailer posted a much better-thanexpected profit as it set a record for customer spending. The company reported s ...

Chewy (CHWY) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this online pet store would post earnings of $0.21 per share when it actually produced earnings of $0.31, delivering a surprise of 47.62%. Over the last four quarters, the company h ...

财务表现 - 公司净销售额增长2.6%和2.9%[113] - 公司净利润和调整后净利润分别增长n/m%和58.6%[113] - 公司活跃客户数下降1.8%，但每位活跃客户的净销售额增长6.2%[113] - 自动发货客户销售额占总销售额的78.0%和78.4%[113][114] - 公司调整后EBITDA和调整后EBITDA利润率分别增长54.6%和1.8个百分点[113] - 公司调整后净收入为1.048亿美元，同比增长62%[127] - 公司调整后每股基本和稀释收益分别为0.24美元和0.24美元[128] - 公司13周和26周的净销售额分别增长2.6%和2.9%[149,150] - 毛利率分别增长120个基点至29.5%和29.6%[155,156] - 销售、一般及管理费用增长0.2%和1.6%[157,158] - 广告和营销费用增长2.7%和2.2%[159,160] - 利息收入净额增长44.7%和62.0%[161,162] - 其他收入净额下降94.7%和96.2%[163,164] 现金流和资产负债 - 公司经营活动产生的现金流量净额为1.234亿美元，自由现金流量为9148.4万美元[132] - 公司现金及现金等价物为6.95亿美元，较上一年度增加0.92亿美元[165] - 公司现金及现金等价物、有价证券和可用的循环信贷额度足以满足未来12个月的营运资金、资本支出要求和合同义务[166] - 截至2024年7月28日,经营活动产生的净现金为2.053亿美元,主要来自3.66亿美元的净收益,部分被非现金调整所抵消[168] - 截至2024年7月28日,投资活动产生的净现金为4.772亿美元,主要来自5.384亿美元的有价证券到期,部分被6,120万美元的资本支出所抵消[170] - 截至2024年7月28日,融资活动产生的净现金流出为5.901亿美元,主要用于5.32亿美元的股票回购和57.6百万美元的与母公司重组相关的所得税支付[172] - 公司有一笔8亿美元的循环信贷额度,截至2024年7月28日,公司未动用该额度[174] - 公司董事会批准了一项最高5亿美元的股票回购计划,截至2024年7月28日,已完成1.732亿美元的回购[175][176][177] 业务概况 - 公司是美国最大的宠物电子商务零售商，提供几乎所有宠物所需的产品[109] - 公司持续监控宏观经济条件的变化，包括当前的通胀和利率，并相应调整物流、运输、供应链和采购流程以满足不断增长的宠物、宠物主人和合作伙伴的需求[110][111] - 公司2024财年为53周，2023财年为52周[112] - 公司活跃客户数量为429,377人，每位活跃客户的平均销售额为[135] - 公司自动订阅客户销售额占总销售额的比例为[137]