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Chewy Inc.(CHWY)2025财年10-K年度报告「NYSE」(英文版)(193页).pdf

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1、UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549FORM 10-K(Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended February 1,2026or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934

2、For the transition period from _ to _Commission File Number:001-38936CHEWY,INC.(Exact name of registrant as specified in its charter)Delaware90-1020167(State or other jurisdiction of incorporation or organization)(I.R.S.Employer Identification No.)7700 West Sunrise Boulevard,Plantation,Florida33322(

3、Address of principal executive offices)(Zip Code)(786)320-7111(Registrants telephone number,including area code)Securities registered pursuant to Section 12(b)of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredClass A Common Stock,par value$0.01 per shareCHWYNew

4、York Stock ExchangeSecurities registered pursuant to Section 12(g)of the Act:NoneIndicate by check mark if the registrant is a well-known seasoned issuer,as defined in Rule 405 of the Securities Act.Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 1

5、3 or Section 15(d)of the Act.Yes No Indicate by check mark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months(or for such shorter period that the registrant was required to filesuch reports),

6、and(2)has been subject to such filing requirements for the past 90 days.Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(232.405 of this chapter)during the preceding 12 months

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1. **公司概况**:Chewy, Inc.是领先的宠物产品在线零售商,2011年成立,2019年上市,2026财年市值约80亿美元。 2. **业务模式**:提供约19万种宠物产品及服务(如处方药、兽医诊所、保险计划),与4,000个品牌合作,覆盖80%美国人口次日达。 3. **市场表现**:美国宠物市场规模从2019年980亿美元增至2025年1570亿美元(CAGR 8.1%),线上销售占比从24%升至41%。 4. **核心优势**:以客户服务为核心(如24/7支持、个性化互动),高效物流网络,技术平台可扩展,并持续扩展健康服务(如18家Chewy Vet Care诊所)。 5. **风险因素**:包括竞争加剧、供应链中断、网络安全、国际扩张挑战及监管合规风险。
Chewy的护城河是什么? 宠物电商增长动力? Chewy如何应对竞争?
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