核心观点公司Q1 业绩超预期增长。据公司公告及财报,美国宠物电商龙头Chewy25Q1 净销售额为31.2 亿美元,同比增长8.3%,超业绩指引上限。业绩的提升主要源于:1)活跃用户增长:公司Q1 活跃客户量达到2080 万,同比增长3.8%,环比增加约24 万人。其中,订阅制模式客户(Autoship)成为公司差异化发展亮点,自动发货模式在增强了用户粘性的同时还实现了业务现金流的可预测性,Q1 ...
Source LinkDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.