CHEWY (2)

━━━━ ◇ ━━━━
산업

Pandemic Notwithstanding, U.S. Pet Market Surges Past $100 Billion (including over 12 million new best friends)

COVID-19 impacts on the U.S. pet industry were not what seemed inevitable during the initial months of the pandemic. Instead, 2020 turned out to be a banner year for the market, with sales growth of 9% pushing overall pet industry sales to $107 billion, as reported by Packaged Facts' just released U.S. Pet Market Outlook, 2021-2022.

 

패키지드 팩트 (Packaged Facts)가 최근 발표한 2021-2022년 미국 반려동물 시장 전망 (US Pet Market Outlook)에 따르면, 9%의 매출 성장으로 전체 반려동물 산업 매출이 1,070억 달러 증가했다.

 

 

Along with the re-confirmed recession resistance of the pet industry, several factors support an extremely positive near- and long-term outlook for the pet market. A surge in pet acquisition and adoption continued through Christmas/Winter Holidays 2020.  New pet acquisition—especially strong among those who already had pets and those with children in the home—brought the number of pet dogs to 96 million (up over 10 million from 2019) and the number of pet cats to 32 million (up over 2 million).

 

In contrast to pet population patterns in the wake of the Great Recession of 2007-2009, which triggered a "Decade of the Dog" for the industry, pet adoption and acquisition not only spanned pet types but disproportionately included pets other than dogs and cats, especially reptiles or small mammals such as rabbits, hamsters, and gerbils. As indicated in the Packaged Facts report, more households now are "multiple-pet" in having more than one of a single type of pet, and in having more than one type of pet. It's a dog-and-cat world.

 

Once pets are homed, most pet care spending is non-discretionary, such that pet food and non-food supply sales, as well as veterinary sector revenues, gained strength despite COVID-19 challenges and dislocations. Moreover, as noted by Packaged Facts research director David Sprinkle, "not just pets but pet stores and pet care businesses are now culturally and politically inscribed as essential."

 

At the same time, brick-and-mortar-based retailers are more Internet-focused than ever, tapping in to the continued acceleration of online shopping and featuring expanded brick-and-click options including curbside pickup and same-day delivery. From an omnimarket vantage, digital pet care opportunities extend beyond e-commerce to emerging areas such as veterinary telemedicine and teletriage, in sync with rapid gains in pet medications sales online through websites such as Chewy Pharmacy and WalmartPetRx.com

 

오프라인 기반 소매 업체는 그 어느 때보다 인터넷에 집중하고 있으며 온라인 쇼핑의 지속적인 가속화를 활용하고 도로변 픽업 및 당일 배송을 포함한 확장된 오프라인 클릭 옵션을 제공한다. 옴니 마켓의 관점에서 디지털 반려동물 관리 기회는 전자 상거래를 넘어 수의학 원격 진료와 같은 신흥 영역으로 확장되어 Chewy PharmacyWalmartPetRx.com과 같은 웹사이트를 통해 온라인으로 반려동물 의약품 판매가 빠르게 증가한다.

 

 

While the pet industry has long been an investor favorite, the blockbuster performance of the U.S. pet industry despite COVID-19 has spurred a new flurry of M&A and investment activity.  Major developments include Petco's initial public offering, BarkBox's $1.6 billion valuation as a public company, and the acquisition of market retailers or brands including Pet Supplies Plus, Natural Balance, WellPet, Breeder's Choice, and Solid Gold.  As with puppy dog eyes, investors are finding the pet market very hard to say no to.

 

반려동물 산업은 오랫동안 투자자들의 사랑을 받아 왔지만 COVID-19에도 불구하고 미국 반려동물 산업의 블록버스터 성과는 새로운 M&A와 투자 활동을 촉발시켰다. 주요 개발에는 Petco의 초기 공모, BarkBox의 상장 기업으로서의 16억 달러 가치평가, Pet Supplies Plus, Natural Balance, WellPet, Breeder's Choice 및 Solid Gold를 포함한 시장 소매업체 또는 브랜드 인수가 포함된다. 강아지 눈과 마찬가지로 투자자들은 반려동물 시장을 거부하기가 매우 어렵다는 사실을 알고 있다.

 

For more information see the U.S. Pet Market Outlook, 2021-2022 study page. The study, with 108 figures and 60 tables, analyzes current and projects future retail sales and trends across the U.S. pet industry, considering in the known and longer-term impacts of the coronavirus pandemic. The report examines collectively and separately four sectors of pet products and services:

  • pet food
  • non-food pet supplies
  • veterinary services
  • non-medical pet services

 

Particular attention is dedicated to the market impact of e-commerce and technology-driven and other emerging products and services.

 

 

관련 글

반려동물 시장규모 '6조원'에 대한 소고

패키지드 팩트(Packaged Facts), 반려동물 사료 및 간식 산업에 대해 발표 예정

패키지드 팩트(Packaged Facts), 반려동물 산업을 새로운 '옴니마켓'으로 설정

━━━━ ◇ ━━━━
산업

Chewy Announces Fiscal Fourth Quarter and Full Year 2020 Financial Results

이 기사는 Chewy의 2020 회계 연도 재무 결과에 관한 것입니다. 회사의 순매출은 전년 대비 47% 증가했습니다. Chewy는 또한 전년 대비 고객 기반을 43% 성장시켰습니다. Chewy는 첫 번째 연간 조정 EBITDA 흑자를 달성했으며 2020년 4분기에 첫 번째 분기 순이익을 창출했습니다. - 편집자 주 -

 

 

Chewy (이미지: chewy Investors)

 

Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted online destination for pet parents and partners everywhere, has released its financial results for the fiscal fourth quarter and full year 2020 ended January 31, 2021, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.

 

 

Fiscal Q4 2020 Highlights:

  • Net sales of $2.04 billion grew 51 percent year over year
  • Gross margin of 27.1 percent expanded 300 basis points year over year
  • Net income of $21.0 million, including share-based compensation expense of $24.0 million
  • Net margin of 1.0 percent improved 550 basis points year over year
  • Adjusted EBITDA(1) of $60.8 million, an increase of $66.6 million year over year
  • Adjusted EBITDA margin(1) of 3.0 percent improved 340 basis points year over year

 

Fiscal 2020 Highlights:

  • Net sales of $7.15 billion grew 47 percent year over year
  • Gross margin of 25.5 percent expanded 190 basis points year over year
  • Net loss of $92.5 million, including share-based compensation expense of $129.2 million
  • Net margin of (1.3) percent improved 390 basis points year over year
  • Adjusted EBITDA(1) of $85.2 million, an increase of $166.2 million year over year
  • Adjusted EBITDA margin(1) of 1.2 percent improved 290 basis points year over year

 

“2020 was an incredibly challenging and unpredictable year for all of us. During this time, Chewy performed exceptionally well and made significant strategic and operational progress. Specifically, we grew net sales by 47 percent year over year, increased our customer base by 43 percent year over year, delivered our first full year of positive adjusted EBITDA, and generated the company’s first quarter of positive net income in the fourth quarter of 2020,” said Sumit Singh, Chief Executive Officer of Chewy. “Years of preparation and focus have positioned us as the Internet’s preeminent neighborhood pet store and a leading pure-play e-commerce company in the pet space. We look forward to a future marked by ongoing innovation and to winning customers’ hearts and minds as we grow to become the most trusted and convenient online destination for pet parents (and partners) everywhere.”

 

Chewy의 최고 경영자 Sumit Singh은 “2020년은 우리 모두에게 매우 도전적이고 예측할 수 없는 한 해였습니다. 이 기간 동안 Chewy는 뛰어난 성과를 거두었으며 상당한 전략 및 운영 진전을 이루었습니다. 특히, 우리는 순매출을 전년 대비 47% 증가시켰고, 고객 기반을 전년 대비 43% 증가시켰으며, 2020년 4분기에 회사의 1분기 양의 순이익을 창출했습니다.”라고 말한다.

 

Management will host a conference call and webcast to discuss Chewy's financial results today at 5:00 pm ET.

 

Chewy Fiscal Fourth Quarter and Full Year 2020 Financial Results Conference Call
When: 
Tuesday, March 30, 2021
Time: 5:00 pm ET
Conference ID: 10152349
Live Call: 1-866-270-1533 (US/Canada Toll-Free) or 1-412-317-0797 (International)
Replay: 1-877-344-7529 (US Toll-Free), 855-669-9658 (Canada Toll-Free), or 1-412-317-0088 (International)
(The replay will be available approximately two hours after the completion of the live call until 11:59 pm ET on April 6, 2021)
Webcast: https://investor.chewy.com

 

(1) Adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. See “Non-GAAP Financial Measures” for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.

 

 

About Chewy

 

Our mission is to be the most trusted and convenient online destination for pet parents (and partners) everywhere. We believe that we are the preeminent online source for pet products, supplies and prescriptions as a result of our broad selection of high-quality products, which we offer at competitive prices and deliver with an exceptional level of care and a personal touch. We continually develop innovative ways for our customers to engage with us, and partner with approximately 2,500 of the best and most trusted brands in the pet industry, to bring a high-bar, customer-centric experience to our customers.

 

 

관련 글

도그니스(Dogness), 최첨단 스마트 GPS 반려동물 추적기 출시

[휴먼패니언] 2015년 이후 미국 반려동물시장 환경 변화, Part 3

1
Copyright © 야호펫. All rights reserved.
의정부시 부용로174 | 031-853-6048 | 경기 아 52073 | 2019년 1월 10일 | 발행인·편집인 : 이동현 | 청소년보호책임자 : 김정미 | yahopet@naver.com