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]

财务业绩 - 第二季度净销售额为28.6亿美元，同比增长2.6%[1] - 毛利率为29.5%，同比增加120个基点[1] - 净利润为2.991亿美元，包括股份支付费用和相关税费8,250万美元[1] - 净利润率为10.5%，同比增加980个基点[1] - 每股基本收益为0.70美元，同比增加0.65美元[1] - 每股摊薄收益为0.68美元，同比增加0.63美元[1] - 调整后EBITDA为1.448亿美元，同比增加5,670万美元[1] - 调整后EBITDA利润率为5.1%，同比增加190个基点[1] - 调整后净利润为1.048亿美元，同比增加4,020万美元[1] - 调整后每股基本和摊薄收益均为0.24美元，同比增加0.09美元[1] 过去26周财务表现 - 公司在过去26周内实现净收入57.36亿美元，同比增长2.9%[16] - 公司在过去26周内实现净利润3.66亿美元，同比大幅增长[16] - 公司在过去26周内实现调整后EBITDA3.08亿美元，同比增长54.6%[16,22] - 公司在过去26周内实现调整后净利润2.42亿美元，同比增长58.6%[16] - 公司在过去26周内实现调整后每股收益0.55美元，同比增长57.1%[16] - 公司在过去26周内实现经营活动产生的现金流2.05亿美元，同比下降33.2%[16] - 公司在过去26周内实现自由现金流1.44亿美元，同比下降36.8%[16] 其他财务指标 - 公司的活跃客户数为2000万，同比下降1.8%[16] - 公司的自动订阅客户销售占总销售的78%，同比上升2.4个百分点[16] - 公司剔除非经常性因素后的EBITDA利润率为5.4%，同比上升1.8个百分点[16,22] - 公司在13周和26周期间的净收入分别为29,911.7千美元和36,601.4千美元[27] - 公司在13周和26周期间的调整后净收入分别为10,479.0千美元和24,185.4千美元[28] - 公司在13周和26周期间的基本每股收益分别为0.70美元和0.85美元，调整后基本每股收益分别为0.24美元和0.56美元[29] - 公司在13周和26周期间的经营活动产生的净现金流分别为12,341.0千美元和20,534.7千美元，自由现金流分别为9,148.4千美元和14,412.2千美元[34] 资本支出 - 公司表示自由现金流可能会受到新建仓库、药房、宠物诊所、客户服务基础设施和公司办公室等资本投资时间的影响[35]

文章核心观点 - Chewy公司的盈利能力在过去一年内从负转正,未来前景仍然看好 [1][2][3] - Chewy公司的毛利率从2019年的20%提升至如今的30%,净利润率也从负7%转为正2.3% [5] - Chewy公司正在不断优化传统电商业务,自动订阅客户销售占比达78%,业务具有较强的经常性 [6] - Chewy公司在Q1报告中表示,美国宠物收养人数首次超过放弃收养人数,这可能有助于公司收入增长的重启 [7] 根据目录分类总结 公司业务和财务表现 - Chewy公司的毛利率和净利润率在过去一年内实现了大幅改善 [5] - 公司正在优化传统电商业务,自动订阅客户销售占比较高,业务具有较强的经常性 [6] - 公司在Q1报告中表示,美国宠物收养人数首次超过放弃收养人数,有助于公司收入增长 [7] 公司新业务拓展 - Chewy公司正在拓展更多高毛利业务,包括宠物医疗产品、Chewy Vet Care、CarePlus宠物保险以及自有品牌商品和广告业务 [4] - 这些新业务拓展有助于提升公司的整体毛利率和利润率 [5]

One of our top stock picks for 2024, Chewy Inc (NYSE:CHWY) is set to report earnings before the open on Wednesday, Aug. 28. Though down 3% at $26.71 this afternoon, the equity is enjoying an 11.8% year-to-date lead. Chewy stock experienced a massive 27.1% post-earnings pop this past May, and has since risen even further, though it's been experiencing recent pressure at the $27 level. For this upcoming event, the options pits are pricing in a next-day swing of 18%, regardless of direction, which is larger th ...

As Chewy Inc. (CHWY) prepares to release its second-quarter fiscal 2024 earnings on Aug 28 before the opening bell, investors are keenly evaluating whether the stock offers a compelling investment opportunity. The pet-centric e-commerce company has attracted significant attention, thanks to its robust growth trajectory and strategic initiatives. However, with the earnings just around the corner, it is crucial to determine whether Chewy remains a wise investment opportunity at this stage.Chewy’s impressive g ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Chewy (CHWY) , which belongs to the Zacks Internet - Commerce industry.When looking at the last two reports, this online pet store has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 63.81%, on average, in the last two quarters.For the last reported quarter, Chewy came out with earnings of $0.31 per share versus ...

Investors with an interest in Internet - Commerce stocks have likely encountered both Chewy (CHWY) and MercadoLibre (MELI) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimat ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Chewy (CHWY) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 28. On the ot ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chewy. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The latest trading session saw Chewy (CHWY) ending at $27.27, denoting a +0.63% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.97%. At the same time, the Dow added 0.58%, and the tech-heavy Nasdaq gained 1.39%.The online pet store's stock has climbed by 6.23% in the past month, exceeding the Retail-Wholesale sector's loss of 2.12% and the S&P 500's loss of 1.85%.Investors will be eagerly watching for the performance of Chewy in its upcoming earnings di ...