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.

Earnings data Q4 2020

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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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Ron Coughlin has served as Petco's CEO for more than five years and has been instrumental in transforming the company into a health and wellness business.

Petco CEO Ron Coughlin is out, former Best Buy exec to step in as interim chief executive

Net revenue of $1.7 billion beats analysts' estimates of $1.63 billion.

Petco Stock Rises as Revenue Beats Estimates and CEO Steps Down

Petco Health & Wellness Co. Inc.'s stock WOOF, -4.12% jumped 7% early Wednesday, after the operator of pet-care centers and mobile veterinary clinics posted better-than-expected sales for its fiscal fourth quarter. The San Diego-based company posted a net loss of $22.6 million, or 8 cents a share, for the quarter to Feb. 3, after income of $32.7 million, or 12 cents a share, in the year-earlier quarter.

Petco's stock soars 7% after sales beat as CEO Ron Coughlin steps down

Q4 2023 Highlights Net revenue of $1.7 billion increased 6.1 percent year over year including the 14th week Comparable sales declined 0.9 percent year over year and increased 4.4 percent on a two-year basis GAAP net loss of $22.6 million, or $(0.08) per share, compared to GAAP net income of $32.7 million, or $0.12 per share in the prior year Adjusted Net Income1 of $6.1 million, or $0.02 per share, compared to $52.8 million, or $0.20 per share in the prior year Adjusted EBITDA1 of $105.3 million compared to $157.9 million in the prior year Operating Cash Flow of $47.0 million compared to $136.5 million in the prior year Free Cash Flow 1 of $(2.0) million compared to $70.6 million in the prior year Full Year 2023 Highlights Net revenue of $6.3 billion increased 3.6 percent year over year including the 53rd week Comparable sales increased 1.8 percent year over year and increased 6.3 percent on a two-year basis GAAP net loss of $1.3 billion, or $(4.78) per share, which includes goodwill impairment of $1.2B, compared to GAAP net income of $90.8 million, or $0.34 per share in the prior year Adjusted Net Income1 of $22.8 million, or $0.09 per share , compared to $162.6 million, or $0.61 per share in the prior year Adjusted EBITDA1 of $401.1 million compared to $530.8 million in the prior year Operating Cash Flow of $215.7 million compared to $346.0 million in the prior year Free Cash Flow 1 of $(9.9) million compared to $68.0 million in the prior year SAN DIEGO , March 13, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, today announced its fourth quarter and full year 2023 financial results.        In the fourth quarter of 2023, Petco delivered net revenue of $1.7 billion, up 6.1 percent versus prior year, inclusive of a 14th week.

Petco Health + Wellness Company, Inc. Reports Fourth Quarter and Full Year 2023 Earnings

R. Michael Mohan, Previously Lead Independent Director, Appointed Interim CEO  Ron Coughlin stepped down as CEO, Chairman and member of the Board of Directors Search Underway to Identify Permanent CEO SAN DIEGO , March 13, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced the Company's Board of Directors has appointed R. Michael (Mike) Mohan to serve as Interim Chief Executive Officer, effective today.

Petco Announces CEO Transition

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As popular as pets are, pet stocks have been in the toilet and can't seem to get out. The landscape is littered (no pun intended) with broken stocks like online e-commerce retailer Chewy Inc. NYSE: CHWY shares down 56%, PetMed Express Inc. NASDAQ: PETS is down 71.7%, and Petco Health and Wellness Inc. NASDAQ: WOOF down 75% in the last year.

Here's The One Pet Stock That's Not in the Doghouse

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SAN DIEGO , Feb. 26, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced that Brian LaRose, Chief Financial Officer, will participate in the UBS Global Consumer and Retail Conference on March 14, 2024. Mr. LaRose will participate in a fireside conversation at approximately 11:00 a.m.

Petco to Participate in the UBS Global Consumer and Retail Conference

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SAN DIEGO , Feb. 13, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced it has appointed Holly May as Chief Human Resources Officer (CHRO), effective February 4. In this role, May is responsible for driving an HR strategy that delivers profitable growth and outstanding performance, and is grounded in Petco's mission to improve lives for pets, pet parents and Petco partners.

Petco Names Holly May as Chief Human Resources Officer

SAN DIEGO , Feb. 1, 2024 /PRNewswire/ -- On March 13, 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 fourth quarter 2023 earnings results.

Petco Health and Wellness Company, Inc. to Host Fourth Quarter 2023 Earnings Conference Call on March 13, 2024

Petco (WOOF) and Nationwide's collaboration offers innovative, affordable pet insurance options with broad coverage and customization, enhancing pet healthcare accessibility for pet owners.

Petco (WOOF) Unveils Pet Insurance Offering With Nationwide

Partnership expansion also features member savings on Petco Veterinary Services  SAN DIEGO and COLUMBUS, Ohio , Jan. 23, 2024 /PRNewswire/ -- Leading pet insurer Nationwide® and Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) are delivering on their shared commitment to provide affordable and integrated pet health, wellness and protection solutions with the introduction of a new customizable pet health insurance offering available now on petco.com. Petco | Nationwide pet insurance leverages Nationwide's customizable pet health insurance product within Petco's unique and fully integrated pet care ecosystem.

Petco and Nationwide® launch co-branded pet insurance product on petco.com

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The analysts started coverage of both pet goods stocks on Monday.

Buy Chewy, Hold Petco, Jefferies Argues. Both Stocks Are Higher.

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Petco shares fell 29% following the release of its fiscal third-quarter earnings on Wednesday. The company reported a surprise loss in the quarter and announced a new cost-cutting program.

This Pet Stock Is in the Doghouse, but Right Now Could Be a Golden Buying Opportunity

Petco jumped around 10% today, defying several analyst downgrades after a 30%+ post-earnings drop on Wednesday. The company is suffering through a "challenging consumer environment" and outlined an "operational reset" to improve profitability.

Why Petco Health and Wellness Stock Rebounded Today

Petco's (WOOF) fiscal Q3 results came in soft, leading to strategic changes focused on cost efficiency, service expansion, and product enhancements to address challenges and promote long-term growth.

Petco (WOOF) Q3 Earnings Miss Estimates, Sales Decline Y/Y

As every retailer looks to define what value means to their customer, pet health and wellness company Petco is finding that offering pet parents solutions tailored to meet the standards they have for caring for their pets is the driving force in reaching its core customer base.

Petco Aims to Be the Go-to Retailer for All Things Pets

Petco missed estimates on the top and bottom lines in the third quarter. Comparable sales were flat and it reported an adjusted loss for the quarter.

Why Petco Stock Was Rolling Over Today

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF ) Q3 2023 Earnings Call Transcript November 29, 2023 8:00 AM ET Company Participants Benjamin Thiele-Long - Vice President of Corporate Communications Ron Coughlin - Chief Executive Officer Brian LaRose - Chief Financial Officer Conference Call Participants Oliver Wintermantel - Evercore ISI Peter Benedict - Robert W. Baird Simeon Gutman - Morgan Stanley Steven Zaccone - Citigroup Michael Lasser - UBS Steven Forbes - Guggenheim Securities Anna Andreeva - Needham & Company Seth Basham - Wedbush Securities Operator Good morning, and welcome to the Petco Third Quarter 2023 Earnings Call.

Petco Health and Wellness Company, Inc. (WOOF) Q3 2023 Earnings Call Transcript

Petco Health and Wellness Company's shares fell sharply in Wednesday premarket trading after it swung to a worse-than-expected third-quarter loss after booking a hefty impairment charge. The pet care retailer reported a 0.5% decline in sales to $1.49 billion for the quarter, below the $1.51 billion expected by Wall Street analysts.

Petco shares slump as it swings to 3Q loss due to hefty impairment charge

Shares of Petco Health & Wellness Co. Inc. WOOF tumbled 14.3% in premarket trading Wednesday, after the pet care products retailer reported a surprise fiscal third-quarter loss and slashed its full-year outlook, and said it was taking “swift and decisive action” to boost performance. The company swung to a net loss for the quarter to Oct. 28 of $1.24 billion, or $4.63 a share, from net income of $19.9 million, or 7 cents a share, in the year-ago period.

News for Petco Health and Wellness Stock (WOOF)