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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Bloom Energy

This week in Cheap Seats: Stocks Under $20 segment, we're taking a look at two stocks that are soaring higher today: Petco Health & Wellness Company (NASDAQ:WOOF) and Bloom Energy Corp (NYSE:BE).

2 Stocks Under $20 Making Moves Today

Shares of Petco Health + Wellness Company (WOOF) skyrocketed in intraday trading Wednesday after the pet supplies and veterinary care provider posted better-than-anticipated results and revenue guidance on higher sales of services.

Petco Posts Better-Than-Expected Results on Sales of Services

The pet products retailer reported declining sales and profits but beat estimates. Its outlook called for flat revenue in the second quarter.

Why Petco Stock Was Soaring Today

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF ) Q1 2024 Earnings Call Transcript May 22, 2024 8:00 AM ET Company Participants Benjamin Thiele-Long - Chief ESG and Chief Communications Officer Mike Mohan - Interim CEO Brian LaRose - CFO Conference Call Participants Seth Basham - Wedbush Securities Kaumil Gajrawala - Jefferies Steven Zaccone - Citi Anna Andreeva - Needham and Company Oliver Wintermantel - Evercore ISI Rene Marin - Guggenheim Justin Kleber - Baird Scott Stringer - Wolfe Research Michael Lasser - UBS Operator Good morning, and welcome to the Petco First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Petco Health and Wellness Company, Inc. (WOOF) Q1 2024 Earnings Call Transcript

Petco Health & Wellness (WOOF) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.06 per share a year ago.

Petco Health & Wellness (WOOF) Reports Q1 Loss, Tops Revenue Estimates

Petco Health and Wellness Co. Inc.'s stock soared 12% early Wednesday, after the operator of pet-care centers and mobile veterinary clinics posted a narrower-than-expected first-quarter loss and sales that topped estimates.

Petco's stock soars 12% premarket after narrower-than-expected loss, as CEO says company on track for return to profit

Q1 2024 Overview Net revenue of $1.5 billion decreased 1.7 percent year over year Comparable sales declined 1.2 percent year over year and increased 4.1 percent on a two-year basis GAAP net loss of $46.5 million, or $(0.17) per share, compared to GAAP net loss of $1.9 million, or $(0.01) per share in the prior year Adjusted Net Income1 of $(11.8) million, or $(0.04) per share, compared to $14.9 million, or $0.06 per share in the prior year Adjusted EBITDA1 of $75.6 million compared to $111.0 million in the prior year Operating Cash Flow of $(8.4) million compared to $37.7 million in the prior year Free Cash Flow 1 of $(41.1) million compared to $(24.4) million in the prior year SAN DIEGO , May 22, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, today announced its first quarter 2024 financial results. In the first quarter of 2024, Petco delivered net revenue of $1.5 billion, down 1.7 percent versus prior year.

Petco Health + Wellness Company, Inc. Reports First Quarter 2024 Earnings Results

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Murphy to support leadership team's initiatives to improve profitability and drive long-term growth SAN DIEGO , May 14, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), today announced the appointment of Glenn Murphy as Executive Chairman of the Board of Directors, effective immediately. As Executive Chairman, Murphy will support the Petco leadership team's focus on improving profitability while implementing strategic actions to drive long-term growth.

Petco Health + Wellness Company, Inc. Announces Appointment of Glenn Murphy as Executive Chairman of the Board of Directors

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SAN DIEGO , May 1, 2024 /PRNewswire/ -- On May 22, 2024, at approximately 7:00 a.m. Eastern, Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, will release its first quarter 2024 earnings results.

Petco Health and Wellness Company, Inc. to Host First Quarter 2024 Earnings Conference Call on May 22, 2024

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Nearly one in five American households adopted a pet during the pandemic, according to the ASPCA. Today, 60% of pet parents say they would rather spend more time with their pets than anyone else, according to a recent Petco survey; and nearly 70% are prioritizing their pets' health and preventative care as they do for themselves.

PSA: As Pandemic Pets Enter New Life Stages, Petco Shares Tips for Supporting Pet Health and Wellness

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Shares of Petco Health and Wellness Company (WOOF) slumped Wednesday as the pet products retailer and operator of veterinary clinics posted another quarterly loss, gave weak guidance and made a shakeup in its leadership.

Petco Posts Another Loss and Issues Weak Guidance as CEO Steps Down

As shoppers continue to manage their budgets amid years of financial challenges, Petco has found itself caught unaware by the extent of pet parents' pull back, especially since this demographic was so reluctant to cut back in the first place.

Petco Steps Up Value After Being Blindsided by Deal-Seeking Behaviors

Ron Coughlin is also stepping down from the board, which has appointed R. Michael Mohan to serve as interim CEO.

Petco CEO Steps Down

Petco Health and Wellness Company, Inc. (WOOF) Q4 2023 Earnings Call Transcript

Shares of Petco Health and Wellness Company Inc (NASDAQ:WOOF) are 7% higher to trade at $2.74, but earlier was as high as $2.71 after the pet supply retailer's fourth-quarter revenue beat Wall Street's estimates.

Petco Stock Higher After Revenue Beat, C-Suite Change

Petco CEO, Chairman and board member Ron Coughlin stepped down from those roles Wednesday (March 13) and was succeeded by Interim CEO R. Michael (Mike) Mohan.

Petco Names Ex-Best Buy Executive Mike Mohan as Interim CEO

Petco Health & Wellness (WOOF) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.23 per share a year ago.

News for Petco Health and Wellness Stock (WOOF)