Petco Health and Wellness

Petco Health & Wellness Company, Inc. engages in the provision of pet health and wellness services. It operates across the U.S., Mexico and Puerto Rico, including a growing network, store veterinary hospitals, and offer a complete online resource for pet health and wellness. The firm offers grooming, as well as in-store and online training. The company was founded in 1965 and is headquartered in San Diego, CA.

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Petco reports strong Q1 performance, reaffirms full-year guidance

Petco's Q1 performance reflects strong sales growth and a focus on strategic cost initiatives. The company's strengths include a robust vet business and strong sales on premium products. Challenges include consumer sentiment impact and the need for prudent Q2 commentary. Petco is focused on seizing opportunities in higher value profit pools and new marketing initiatives.

Petco reports Q2 growth but faces profitability challenges in discretionary segment

Petco's Q2 2023 performance showed growth in net revenue and comparable sales, but challenges in the discretionary environment impacted profitability. The company is focused on cost-saving measures and remains confident in capturing long-term opportunities in the pet category despite current challenges.

Petco outlines operational reset plan and introduces value brands

Petco's Q3 call highlighted a focus on delivering value, honing pricing, driving supply chain efficiency, and optimizing the labor model. The company aims to control controllables, bring more pets into their care ecosystem, and return to long-term growth and profitability.

Petco reports record sales in Q4 2022, eyes growth opportunities

Petco's strong Q4 performance reflects its resilience and strategic focus on pet health and wellness. While facing margin pressure and short-term challenges, the company is well-positioned to capitalize on growth opportunities in the pet market. Operational improvements and a loyal customer base support Petco's long-term success.

Petco reports robust Q1 performance, eyes growth in premium services

Petco's focus on services and strategic initiatives is propelling growth and resilience in the pet care sector. Despite facing consumer behavior changes and pricing challenges, the company remains optimistic about its long-term profitability.

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Heavily shorted stocks that look primed for a squeeze. Stocks of companies with good fundamentals, but a current negative short build-up.

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SAN DIEGO, June 3, 2021 /PRNewswire/ -- In advance of World Environment Day on June 5, Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, today announced the expansion of Jiminy's, which offers a full line of sustainable insect-based dog foods and treats, that will bring the eco-friendly nutrition offering to roughly 800 Petco pet care centers and petco.com. "As pet parents seek new ways to support the health and wellness of their pets and their own values as consumers, we continue to see increased interest in alternative, novel proteins that have a reduced impact on the environment," said Shari White, VP of Merchandising at Petco.

Petco Reinforces Sustainability Commitment, Announces Expansion of Jiminy's Eco-Friendly, Cricket Protein Food and Treats

Chewy

Benzinga's latest Stock Wars matches up two leaders in a major industry sector, allowing readers to decide which company is the better investment. This week, the duel is between major players in the pet supplies sector: Petco Health + Wellness Company, Inc. (NASDAQ: WOOF) and Chewy Inc (NYSE: CHWY).

Stock Wars: Petco Vs. Chewy

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With the trading day more than halfway over, the markets were moving higher. Each of the major indexes posted a gain of at least 0.4% on a strong push from the tech sector.

Baidu, DraftKings, Petco, Zoom Video and More Wednesday Afternoon Analyst Calls

SAN DIEGO, June 2, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, today announced the release of its first sustainability report on May 28, 2021. The report details Petco's progress from the past year in setting the standard in responsible animal care, preserving the health of our planet and helping people thrive, as well as the continued and unconditional support provided to pets and pet parents.

Petco Publishes First Sustainability Report

SAN DIEGO, May 27, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (the "Company" or "Petco") (NASDAQ: WOOF), a complete partner in pet health and wellness, today announced the pricing of the previously announced underwritten secondary offering by the Company's principal stockholder, Scooby Aggregator, LP (the "Selling Stockholder"), of 22,000,000 shares of the Company's Class A common stock at a price to the public of $24.00 per share (the "Offering"). In addition, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of its Class A common stock.

Petco Announces Pricing of Secondary Offering

SAN DIEGO, May 24, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (the "Company" or "Petco") (NASDAQ: WOOF), a complete partner in pet health and wellness, today announced that the Company's principal stockholder, Scooby Aggregator, LP (the "Selling Stockholder"), intends to offer for sale 22,000,000 shares of the Company's Class A common stock in an underwritten secondary offering (the "Offering"). The Selling Stockholder will also grant the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of Class A common stock.

Petco Announces Secondary Offering of Shares

Pet adoptions soared during COVID-19, creating opportunity for Petco, the company's CEO said during the recent earnings announcement.

Petco says large dogs, vet services and the ‘furry annuity' will continue to drive sales

SAN DIEGO, May 24, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, today announced the expansion of its successful same-day delivery of fresh pet food, now available in most markets nationwide. The expansion builds on last year's same-day delivery service launch accessible through petco.com and the Petco app.

Industry-leading pet wellness partner brings fresh options to pet parents via same-day delivery in most markets nationwide

Petco is trying to keep up with surging demand for its grooming, training, and veterinary services after millions of pets were adopted during the pandemic.  "Our training and our grooming is getting overwhelmed with demand," Ron Coughlin, Petco's CEO, told Bloomberg on Thursday. "Our vet hospitals and our vet clinics are having more and more demand as people feel more comfortable coming out."

Petco's CEO says the company can barely keep up with demand for training and grooming services after millennials and Gen Z bought 11 million new pets last year (WOOF)

Petco Health and Wellness' (WOOF) CEO Ron Coughlin on Q1 2021 Results - Earnings Call Transcript

Petco Health and Wellness Company, Inc., which runs more than 1,500 Petco locations throughout the U.S., Mexico and Puerto Rico, said its net revenue surged by 27 percent to reach $1.4 billion in fiscal Q1 2021. In announcing its financial results on Thursday (May 20), the pet care retailer said that its adjusted net income […]

Petco's Revenues Soar Amid Growth In Pet Ownership

Petco Health & Wellness Co. Inc. reported first-quarter net income of $7.6 million, or 3 cents per share, after a loss of $31.2 million, or 15 cents per share, last year. Adjusted EPS of 17 cents beat the FactSet consensus for 9 cents.

Petco earnings beat expectations, raises guidance

Petco beat Wall Street's expectations for its first-quarter earnings.

Petco shares fall despite better-than-expected earnings and increased forecast

SAN DIEGO, May 20, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, today released its financial results for its first quarter ended May 1, 2021.  In the first quarter of 2021, Petco delivered net revenue growth of 27 percent versus prior year with comparable sales growth of 28 percent and delivered 30 percent comparable sales growth on a two-year stack, marking the tenth consecutive quarter of growth for Petco.

Petco Health + Wellness Company, Inc. Announces Record Results for First Quarter of Fiscal 2021; Raises Full Year Outlook

Results from Petco Health and Chewy Inc are likely to show slowing revenue growth compared with last year, when stressed out families turned to their pets for companionship during pandemic-led lockdowns.

Pandemic-driven love for dogs, cats under test as pet care firms report results

SAN DIEGO, May 18, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, today launched Together Strong, a pet cancer awareness campaign that brings two- and four-legged survivors together to highlight how routine preventative care is as vital for pets as it is for humans in the fight against cancer. Along with the campaign and in partnership with PetDx™, a molecular diagnostics company aiming to revolutionize the detection, characterization and management of cancer in pets, Petco will begin offering OncoK9™ – a groundbreaking multi-cancer early detection test for dogs – at its full-service vet hospitals in select locations on May 26.

Petco says: B*rk Cancer! The Health + Wellness Company Introduces Groundbreaking Liquid Biopsy Test for Pets, Launches 'Together Strong' Social Awareness Campaign

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While the market has taken a beating over recent days, pullbacks are the mother's milk of effective investment strategies, and shrewd market participants will already have a growing shopping list on hand. With that in mind, one area that may deserve special attention and offer outsized potential ahead is the pet care space.

Growth Stock Spotlight: Acquisition Pits CSOC as Fresh Option in Booming Petcare Market

NEW YORK--(BUSINESS WIRE)-- #advertisingandmarketing--CitrusAd, the world's fastest growing retail media platform, has partnered with Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, to launch CitrusAd's retail media technology for sponsored products and display ads across its e-commerce, desktop and mobile platforms. The offering provides Petco's vendors with targeted digital advertising opportunities and helps pet parents find relevant products to meet their pets' s

CitrusAd Launches Retail Media Technology on Petco.com

SAN DIEGO, May 6, 2021 /PRNewswire/ -- On May 20, 2021, at approximately 7:30 A.M. Eastern Time, Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, will release its first quarter 2021 earnings results.

Petco Health and Wellness Company, Inc. to Host First Quarter 2021 Earnings Conference Call on May 20, 2021

SAN DIEGO, May 4, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) today published its 2020 Annual Report for the fiscal year ended January 30, 2021. The report is available in the investor relations section of Petco's website at https://ir.petco.com/investor-relations.

Petco Publishes Its 2020 Annual Report

As of late, it has definitely been a great time to be an investor in Petco Health and Wellness Company, Inc. (WOOF).

Petco Health and Wellness' (WOOF) Shares March Higher, Can It Continue?

Alliance Data Systems

SAN DIEGO, April 27, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, today announced the launch of Petco Pay, an innovative credit card program in partnership with Alliance Data Systems Corporation's (NYSE: ADS) Card Services business, a provider of market-leading payment products and digital solutions, including Bread® and Comenity-branded financial services, and Mastercard (NYSE: MA), a global technology company in the payments industry. As the credit card for pet lovers, Petco Pay, issued by Alliance Data, includes the Petco Pay Mastercard, a co-branded credit card, and the Petco Pay Credit Card, a private label credit card.

Petco Announces Revolutionary Credit Card Program in Partnership with Alliance Data and Mastercard

“Pets helped America get through the pandemic emotionally,” says CEO Ron Coughlin of Petco Health and Wellness Company (Nasdaq: WOOF). People have been spending more time with their pets as the COVID-19 crisis restricted them to their homes.

Petco CEO comments on the need for pet-friendly workplaces after the pandemic

SAN DIEGO, April 19, 2021 /PRNewswire/ -- As businesses across America develop and start to implement return-to-work plans, Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, is urging employers to consider adopting a pet-friendly workplace policy among other post-pandemic changes and sharing information and resources for employees and employers ready to welcome pets at work. The company will introduce a new playbook and toolkit this summer to help employers transition their workplace into a safe, healthy and productive environment for both people and pets.

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