Chewy Posts Q3 Sales Beat: Analysts Say Successful Cyber Week Could Lead To Higher Lifetime Value Customers
Chewy Posts Q3 Sales Beat: Analysts Say Successful Cyber Week Could Lead To Higher Lifetime Value Customers
Chewy's active customer count grew sequentially for the second consecutive quarter, with net adds of around 160,000, Shemesh said in a note. Autoship rose to a new record, reaching 80% of net sales in the quarter, he added.Chewy Inc (NYSE:CHWY) shares were down Thursday after the company reported downbeat third-quarter sales.
Chewy Inc（纽交所：CHWY）股价在周四下跌，因为公司报告了不太乐观的第三季度销售数据。
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
公司在一季度盈利季中发布了其业绩。以下是一些重要的分析师观点。
RBC Capital Markets On Chewy
RBC 资本市场关于 chewy
Analyst Steven Shemesh maintained an Outperform rating while raising the price target from $39 to $42.
分析师史蒂文·舍梅什维持了跑赢大盘的评级，同时将目标价从39美元上调至42美元。
Chewy's active customer count grew sequentially for the second consecutive quarter, with net adds of around 160,000, Shemesh said in a note. Autoship rose to a new record, reaching 80% of net sales in the quarter, he added.
舍梅什在一份报告中表示，chewy的活跃客户数量连续第二个季度环比增长，新增客户约为160,000。自动配送达到了新记录，在该季度占净销售的80%，他补充道。
The company's fourth-quarter guidance implies slightly softer-than-expected margins, but this is mainly due to management's decision to "opportunistically step-up ad spend to grow active customers," the analyst stated. "We walk away from the quarter with higher conviction in a top-line recovery and the margin outlook largely unchanged," he further wrote.
该公司的第四季度指导意味着利润率略低于预期，但这主要是由于管理层决定“抓住机会提高广告支出以增加活跃客户”，分析师表示。“我们在这个季度对营收复苏的信心增强，利润率展望基本保持不变，”他进一步写道。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
JPMorgan On Chewy
摩根大通关于 chewy
Analyst Doug Anmuth reiterated an Overweight rating while lifting the price target from $37 to $38.
分析师Doug Anmuth重申了增持评级，并将目标价格从37美元上调至38美元。
Chewy delivered better active customer growth and achieved a "meaningful profitability ramp" in the third quarter, Anmuth said. This was driven by the company's product enhancements and solid execution, as well as "improving industry trends," he added.
Anmuth表示，chewy在第三季度实现了更好的活跃客户增长，并取得了"显著的盈利增长"。这得益于公司产品的提升和扎实的执行，以及"改善的行业趋势"。
"Given strong momentum, favorable recent returns and a rational competitive environment, CHWY expects to lean into marketing to drive 4Q Active Customer growth," the analyst wrote. He projected active customer net adds of over 200,000 in the fourth quarter, which could take the full year to 277,000 while projecting the figure to accelerate to 650,000 in 2025.
"考虑到强劲的势头，良好的近期回报和合理的竞争环境，分析师写道，CHWY预计将加大营销力度以推动第四季度的活跃客户增长。"他预测第四季度的活跃客户净增加超过200,000，这可能使全年总数达到277,000，并预计这一数字将在2025年加速增长至650,000。
Needham On Chewy
Needham 对 chewy 的分析
Analyst Bernie McTernan maintained a Hold rating on the stock.
分析师伯尼·麦克特南对该股票维持持有评级。
Chewy's overall results were "solid, with encouraging topline trends including a supportive macro environment/competitive intensity," McTernan wrote in a note. These trends appear to have continued into the fourth quarter, with the company witnessing "successful Cyber Week sales," he added.
McTernan在一份报告中写道，chewy的整体业绩"稳健，顶线趋势令人鼓舞，包括支持的宏观环境/竞争强度"。这些趋势似乎继续延续到第四季度，公司目睹了"成功的网络星期一销售"。
The Cyber Week sales included "greater penetration of consumables and pushing customers to order within the app, both of which should lead to a higher LTV (lifetime value) customer," the analyst wrote. The company is likely to make top-of-the-funnel investments, which could drive "modest revenue growth acceleration throughout '25E," he further wrote.
"网络星期一的销售包括"更高的消费品渗透率和推动客户在应用内下单，这两者都将导致更高的LTV（客户终身价值）"，分析师写道。公司可能会进行漏斗顶端的投资，这可能推动"2025财年期间的适度营业收入增长加速"，他进一步写道。
CHWY Price Action: Shares of Chewy had declined by 5.44% to $31.65 at the time of publication on Thursday.
CHWY价格动态：周四发布时，chewy的股价下跌了5.44%，至31.65美元。
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Photo: Shutterstock
Photo: shutterstock
