Chewy Analyst Highlights Website Visits Growth, 'Green Shoots' Across Industry Ahead Of Q2 Earnings
Chewy Analyst Highlights Website Visits Growth, 'Green Shoots' Across Industry Ahead Of Q2 Earnings
Chewy is the largest pure-play online pet retailer in the U.S., he said.JPMorgan analysts remain positive on Chewy Inc (NYSE:CHWY) heading into earnings next week.
摩根大通的分析师对Chewy Inc (纽交所:CHWY) 在下周公布财报持续看涨。
What To Know: Chewy is due to report second-quarter financial results before the market opens on Aug. 28. Consensus estimates call for earnings of 3 cents per share on revenue of $2.856 billion, per Benzinga Pro.
要知道：Chewy 将于8月28日市场开盘前发布第二季度财务业绩。根据Benzinga Pro的共识预测，预计每股盈利为3美分，营业收入为28.56亿美元。
In a new note to clients Thursday, JPMorgan analyst Doug Anmuth reiterated an Overweight rating on the stock.
在周四向客户发布的新说明中，摩根大通的分析师Doug Anmuth再次给予该股票超重评级。
Chewy is the largest pure-play online pet retailer in the U.S., he said.
他说，Chewy是美国最大的纯电商宠物零售商。
"We believe pet is a growing and highly attractive category that is early in the shift online (~36% penetration in FY23), and, in our view, Chewy is well positioned as the leader in online pet with a ~33% market share," Anmuth added,
安茂斯表示：“我们认为宠物是一个增长迅速且非常具吸引力的领域，早期即转向在线化（FY23年渗透率约为36%），在我们看来，Chewy作为在线宠物领域的领导者处于有利地位，市场占有率约为33%。”
Chewy boasts multiple revenue drivers including secular growth, an ongoing shift to e-commerce, a pharmacy business, and international expansion. "We also note that some of the company's fastest growth areas are its highest margin," the analyst added.
Chewy拥有多种营业收入驱动因素，包括长期增长、持续向电子商务的转变、药房业务和国际扩张。分析师补充道：“我们还注意到，公司的一些增长最快的领域也是其最高利润率的领域。”
Anmuth noted that approximately 75% of Chewy's net sales come from autoship subscription program customers, which the analyst sees as a key competitive advantage for the online pet care retailer.
安茂斯指出，Chewy约75%的净销售额来自自动配送订阅计划的客户，分析师认为这是在线宠物护理零售商的关键竞争优势。
Although there are ongoing debates about a softer consumer in the internet sector, the analyst noted that channel checks show Chewy's website visits growth improved in the second quarter and continued to improve into August. Anmuth also believes Chewy's current full-year outlook could prove to be conservative against improving industry trends.
尽管有关互联网行业消费者疲软的争论仍在继续，分析师指出，渠道检查显示Chewy的网站访问量在第二季度有所改善，并在8月持续改善。安茂斯还认为，相对于改善的行业趋势，Chewy当前全年前景可能被证明是保守的。
JPMorgan has a December 2024 price target of $28 on Chewy shares based on 18.5 times 2025 adjusted EBITDA. This represents a premium to other online retail competitors trading at around 16 times on average.
摩根大通对chewy股票的2024年12月目标价为28美元，基于2025年调整后的18.5倍EBITDA。这个价格高于其他在线零售竞争对手平均16倍的价格。
"We believe a premium vs peers is warranted now (vs. a slight discount previously) due to improving results with green shoots around industry trends and better execution," Anmuth said.
“我们认为与同行相比，现在（与之前稍微打折的情况相比）应该有价差，因为业绩改善，行业趋势有所恢复，执行更好，”Anmuth说。
CHWY Price Action: Chewy shares were down 2.69% at $26.37 at the time of publication, according to Benzinga Pro.
据Benzinga Pro报道，chewy股价在发布时下跌2.69％，为26.37美元。
Photo: Pexels from Pixabay.
图片来源：Pixabay的Pexels。
- Roaring Kitty Loses Thousands Of X Followers After Going Silent On GameStop, Chewy
- GameStop和chewy的Roaring Kitty在沉默后失去了数千名粉丝。