{"id":637581,"date":"2026-05-14T23:36:20","date_gmt":"2026-05-15T06:36:20","guid":{"rendered":"https:\/\/nai500.com\/?p=637581"},"modified":"2026-05-14T23:36:20","modified_gmt":"2026-05-15T06:36:20","slug":"%e6%a5%ad%e5%8b%99-%e7%a9%a9%e5%81%a5-%e8%82%a1%e5%83%b9-%e8%85%b0%e6%96%ac-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e9%9b%b6%e5%94%ae%e8%82%a1-%e9%8c%af%e6%ae%ba%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/05\/%e6%a5%ad%e5%8b%99-%e7%a9%a9%e5%81%a5-%e8%82%a1%e5%83%b9-%e8%85%b0%e6%96%ac-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e9%9b%b6%e5%94%ae%e8%82%a1-%e9%8c%af%e6%ae%ba%ef%bc%9f\/","title":{"rendered":"\u696d\u52d9\u7a69\u5065\u80a1\u50f9\u537b\u8170\u65ac\uff1a\u9019\u53ea\u52a0\u62ff\u5927\u96f6\u552e\u80a1\u662f\u5426\u88ab\u932f\u6bba\uff1f"},"content":{"rendered":"

\u5728\u591a\u502b\u591a\u8b49\u5238\u4ea4\u6613\u6240\uff0c\u4e00\u53ea\u80a1\u7968\u5f9e\u66c6\u53f2\u9ad8\u9ede\u4e0b\u8dcc<\/span>53%\uff0c\u901a\u5e38\u610f\u5473\u8457<\/span>\u516c\u53f8\u904b\u71df\u5c64\u9762\u53ef\u80fd\u51fa\u73fe\u4e86<\/span>\u5927\u554f\u984c\u3002\u4f46\u5c0d\u65bc\u52a0\u62ff\u5927\u6700\u5927\u7684\u5bf5\u7269\u5c08\u696d\u96f6\u552e\u5546<\/span>Pet Valu Holdings\uff08<\/span>TSX:PET<\/span><\/a>\uff09\u800c\u8a00\uff0c\u9019\u500b\u8dcc\u5e45\u537b\u53ef\u80fd\u662f\u4e00\u500b\u503c\u5f97\u6df1\u7a76\u7684<\/span>\u201c\u9ec3\u91d1\u5751<\/span>\u201d\u3002\u5728\u6d88\u8cbb\u653e\u7de9\u7684\u9006\u98a8\u4e2d\uff0c\u9019\u5bb6\u64c1\u6709<\/span>863\u5bb6\u9580\u5e97\u3001\u898f\u6a21\u662f\u7b2c\u4e8c\u540d\u8fd1\u56db\u500d\u7684\u4f01\u696d\uff0c\u6b63\u5c55\u73fe\u51fa\u88ab\u5e02\u5834\u4f4e\u4f30\u7684\u97cc\u6027\u3002<\/span><\/p>\n

\u4e0b\u8dcc\u7684\u771f\u76f8\uff1a\u6d88\u8cbb\u653e\u7de9\u800c\u975e\u5546\u696d\u6a21\u5f0f\u5d29\u6f70<\/span><\/b><\/p>\n

Pet Valu\u80a1\u50f9\u627f\u58d3\u7684\u6839\u6e90\uff0c\u4e26\u975e\u516c\u53f8\u57fa\u672c\u9762\u60e1\u5316\uff0c\u800c\u662f\u52a0\u62ff\u5927\u6d88\u8cbb\u8005\u6574\u9ad4\u6536\u7dca\u958b\u652f\u3002\u5bf5\u7269\u4e3b\u4eba\u5011\u4ecd\u5728\u8cfc\u7269\uff0c\u53ea\u662f\u8b8a\u5f97\u66f4\u52a0\u7cbe\u6253\u7d30\u7b97\u3002\u9762\u5c0d\u9019\u4e00\u8da8\u52e2\uff0c<\/span>Pet Valu<\/span>\u6c92\u6709\u88ab\u52d5\u6328\u6253\uff0c\u800c\u662f\u4e3b\u52d5\u8abf\u6574\u7b56\u7565\uff1a\u5f37\u5316\u81ea\u6709\u54c1\u724c\uff08\u5982<\/span>Performatrin<\/span>\u7cfb\u5217\uff09\uff0c\u9019\u985e\u7522\u54c1\u5c0d\u6d88\u8cbb\u8005\u66f4\u4fbf\u5b9c\uff0c\u537b\u70ba\u516c\u53f8\u5e36\u4f86\u6bd4\u5168\u570b\u6027\u54c1\u724c\u9ad8\u51fa\u7d04<\/span>1200<\/span>\u500b\u57fa\u9ede\u7684\u6bdb\u5229\u7387\u3002<\/span>2025<\/span>\u5e74\uff0c\u81ea\u6709\u54c1\u724c\u55ae\u4f4d\u6ef2\u900f\u7387\u63d0\u5347\u4e86\u7d04<\/span>200<\/span>\u500b\u57fa\u9ede\uff0c\u9810\u8a08<\/span>2026<\/span>\u5e74\u5c07\u7e7c\u7e8c\u589e\u9577\u3002<\/span><\/p>\n

\u8ca1\u52d9\u5e95\u76e4\u7a69\u56fa\uff0c\u73fe\u91d1\u6d41\u5145\u6c9b<\/span><\/b><\/p>\n

2025\u5e74\uff0c<\/span>Pet Valu<\/span>\u5728\u53ef\u6bd4<\/span>52<\/span>\u5468\u57fa\u790e\u4e0a\u5be6\u73fe\u92b7\u552e\u984d\u589e\u9577<\/span>5%<\/span>\uff0c\u8abf\u6574\u5f8c<\/span>EBITDA<\/span>\u5229\u6f64\u7387\u7a69\u5b9a\u5728<\/span>22%<\/span>\u3002\u5168\u5e74\u81ea\u7531\u73fe\u91d1\u6d41\u8d85\u904e<\/span>1.04<\/span>\u5104\u52a0\u5143\uff0c\u4e26\u901a\u904e\u80a1\u7968\u56de\u8cfc\u548c\u80a1\u606f\u5411\u80a1\u6771\u8fd4\u9084\u4e86\u5275\u7d00\u9304\u7684<\/span>1.21<\/span>\u5104\u52a0\u5143\u3002\u76e1\u7ba1\u7b2c\u56db\u5b63\u5ea6\u540c\u5e97\u92b7\u552e\u50c5\u5fae\u589e<\/span>0.3%<\/span>\uff0c\u4f46\u6bcf\u7b46\u4ea4\u6613\u7684\u5546\u54c1\u6578\u91cf\u9054\u5230\u591a\u5e74\u9ad8\u9ede\uff0c\u6d3b\u8e8d\u6703\u54e1\u8d85<\/span>300<\/span>\u842c\uff0c\u6703\u54e1\u6ef2\u900f\u7387\u9ad8\u9054<\/span>88%<\/span>\u3002\u7dda\u4e0a\u92b7\u552e\u589e\u901f\u6301\u7e8c\u8dd1\u8d0f\u516c\u53f8\u5e73\u5747\u6c34\u5e73\u3002\u9019\u4e9b\u6578\u64da\u8868\u660e\uff0c\u5ba2\u6236\u7c98\u6027\u548c\u6d88\u8cbb\u983b\u6b21\u4e26\u672a\u53d7\u640d\uff0c\u53ea\u662f\u77ed\u671f\u4fc3\u92b7\u74b0\u5883\u58d3\u5236\u4e86\u8868\u89c0\u589e\u901f\u3002<\/span><\/p>\n

\u4f9b\u61c9\u93c8\u5347\u7d1a\u5b8c\u6210\uff0c\u6548\u7387\u7d05\u5229\u525b\u525b\u958b\u59cb<\/span><\/b><\/p>\n

2025\u5e74\uff0c<\/span>Pet Valu<\/span>\u5b8c\u6210\u4e86\u91cd\u5927\u4f9b\u61c9\u93c8\u8f49\u578b\uff0c\u6bcf\u4eba\u5de5\u6642\u8655\u7406\u91cf\u8f03\u8f49\u578b\u524d\u63d0\u5347<\/span>60%<\/span>\u3002\u914d\u9001\u6210\u672c\u6b63\u5728\u4e0b\u964d\uff0c\u7ba1\u7406\u5c64\u5df2\u5c07\u76ee\u5149\u8f49\u5411\u9032\u4e00\u6b65\u512a\u5316\u52de\u52d5\u529b\u548c\u904b\u8f38\u6548\u7387\uff0c\u9019\u610f\u5473\u8457\u672a\u4f86\u591a\u5e74\u7684\u751f\u7522\u7387\u63d0\u5347\u7a7a\u9593\u3002\u8207\u6b64\u540c\u6642\uff0c\u516c\u53f8\u8a08\u5283<\/span>2026<\/span>\u5e74\u65b0\u958b\u7d04<\/span>40<\/span>\u5bb6\u9580\u5e97\uff0c\u4e26\u7e7c\u7e8c\u64f4\u5927\u52a0\u76df\u7db2\u7d61\uff0c\u63a8\u9032\u6578\u5b57\u5316\u6e20\u9053\uff08<\/span>AutoShip<\/span>\u3001<\/span>Click and Collect<\/span>\u3001<\/span>DoorDash<\/span>\u3001<\/span>Uber Eats<\/span>\uff09\u3002\u5728\u7dda\u4e0a\u548c\u7dda\u4e0b\u7684\u96d9\u91cd\u5e03\u5c40\u4e0b\uff0c<\/span>Pet Valu<\/span>\u7684\u8b77\u57ce\u6cb3\u6b63\u5728\u52a0\u6df1\u3002<\/span><\/p>\n

\u4f30\u503c\u8207\u80a1\u6771\u56de\u5831\uff1a\u4e0b\u8dcc\u63d0\u4f9b\u4e86\u5b89\u5168\u908a\u969b<\/span><\/b><\/p>\n

\u7ba1\u7406\u5c64\u5c0d<\/span>2026\u5e74\u7684\u6307\u5f15\u70ba\uff1a\u6536\u5165\u589e\u9577<\/span>2%-4%<\/span>\uff0c\u540c\u5e97\u92b7\u552e\u589e\u9577<\/span>0%-2%<\/span>\uff0c\u8abf\u6574\u5f8c<\/span>EBITDA<\/span>\u5229\u6f64\u7387\u6301\u5e73\u81f3\u5c0f\u5e45\u64f4\u5f35\uff0c\u8abf\u6574\u5f8c\u6bcf\u80a1\u6536\u76ca\u5be6\u73fe\u4e2d\u9ad8\u500b\u4f4d\u6578\u589e\u9577\u3002\u8463\u4e8b\u6703\u525b\u525b\u6279\u51c6\u5c07\u5b63\u5ea6\u80a1\u606f\u63d0\u9ad8<\/span>8%<\/span>\u81f3\u6bcf\u80a1<\/span>0.13<\/span>\u52a0\u5143\uff0c\u6a19\u5fd7\u8457\u9023\u7e8c\u4e94\u5e74\u80a1\u606f\u589e\u9577\u3002\u5206\u6790\u5e2b\u9810\u6e2c\uff0c\u516c\u53f8\u81ea\u7531\u73fe\u91d1\u6d41\u5c07\u5f9e<\/span>2025<\/span>\u5e74\u7684<\/span>1.04<\/span>\u5104\u52a0\u5143\u589e\u81f3<\/span>2030<\/span>\u5e74\u7684\u8fd1<\/span>2<\/span>\u5104\u52a0\u5143\u3002\u82e5\u4ee5<\/span>10<\/span>\u500d\u524d\u77bb\u81ea\u7531\u73fe\u91d1\u6d41\u5b9a\u50f9\uff0c\u672a\u4f86\u56db\u5e74\u5167\u80a1\u50f9\u6f5b\u5728\u56de\u5831\u7d04\u70ba<\/span>62%<\/span>\uff0c\u52a0\u4e0a\u80a1\u606f\uff0c\u7d2f\u8a08\u56de\u5831\u6709\u671b\u8d85\u904e<\/span>70%<\/span>\u3002<\/span><\/p>\n

\u7d9c\u4e0a\u6240\u8ff0\uff0c\u7576\u4e00\u5bb6\u884c\u696d\u9f8d\u982d\u56e0\u77ed\u671f\u6d88\u8cbb\u75b2\u8edf\u800c\u80a1\u50f9\u8170\u65ac\uff0c\u4f46\u5176\u696d\u52d9\u4ecd\u5728\u589e\u9577\u3001\u73fe\u91d1\u6d41\u5f37\u52c1\u3001\u80a1\u606f\u6301\u7e8c\u63d0\u5347\u3001\u4e14\u64c1\u6709\u5bec\u95ca\u7684\u8b77\u57ce\u6cb3\u6642\uff0c\u9019\u7a2e<\/span>\u201c\u932f\u4f4d<\/span>\u201d\u6070\u6070\u662f\u9577\u671f\u6295\u8cc7\u8005\u6700\u8a72\u95dc\u6ce8\u7684\u6642\u523b\u3002<\/span>Pet Valu\u6216\u8a31\u4e26\u975e<\/span>\u201c\u5b8c\u7f8e<\/span>\u201d\u7684\u4f01\u696d<\/span>\uff0c\u4f46\u7121\u7591\u662f\u7576\u524d<\/span>\u591a\u4ea4\u6240\u5c11\u898b\u7684\u3001\u88ab\u4f4e\u4f30\u7684\u512a\u8cea\u6a19\u7684\u3002\u5c0d\u65bc\u90a3\u4e9b\u9858\u610f\u6301\u6709\u4e94\u5e74\u4e43\u81f3\u5341\u5e74\u7684\u6295\u8cc7\u8005\u4f86\u8aaa\uff0c<\/span>53%\u7684\u6298\u6263\uff0c\u6b63\u5728\u63d0\u4f9b\u4e00\u9053\u7f55\u898b\u7684\u5b89\u5168\u908a\u969b\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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