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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Analysts expected PetCo Health and Wellness NASDAQ: WOOF to deliver first-quarter 2023 earnings per share of $0.025. However, many are waking to a satisfying surprise, as the American pet outlet reports a 140% upside beat for $0.06 earnings per share.

PetCo Management Getting it Right? Earnings Beat Says Yes

Petco Health & Wellness (WOOF) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.17 per share a year ago.

Petco Health & Wellness (WOOF) Q1 Earnings and Revenues Surpass Estimates

Petco Health and Wellness Company's latest financial results came in above expectations on the top and bottom line but that has failed to turn into momentum for its stock. Shares of the pet and pet owner health and wellness company fell 1.8% to US$10 after it reported its first quarter results before the opening bell on Wednesday.

Petco 1Q earnings top expectations but investors remain unimpressed

Petco Health & Wellness Co. Inc.'s stock WOOF, +2.21% fell 2.3% in premarket trades Wednesday after the pet food and health products company offered soft revenue guidance for the current year. Petco beat analysts' top and bottom line expectations in its first-quarter results, released before market open.

Petco gets Q1 top and bottom line beat but stock slides 2.3% premarket on soft guidance

Q1 2023 Highlights Comparable sales grew 5.1 percent year-over-year and 10.2 percent on a two-year basis, resulting in the 18th consecutive quarter of comparable sales growth Net revenue of $1.56 billion increased 5.4 percent year-over-year Net loss of $1.9 million, or $(0.01) per diluted share compared to net income of $24.7 million, or $0.09 per diluted share in the prior year Adjusted EBITDA1 of $111.0 million compared to $119.2 million in the prior year, a decrease of 6.9 percent year-over-year Adjusted Earnings Per Share1 of $0.06, compared to $0.14 per share in the prior year, a decrease of $0.08 year-over-year The Company reaffirms its full year 2023 guidance SAN DIEGO , May 24, 2023 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, today announced its first quarter 2023 financial results.  In the first quarter of 2023, Petco delivered net revenue of $1.56 billion, up 5.4 percent versus prior year, driven by strength in the company's consumables business, up 11.2 percent versus prior year, and services and other business, up 25.4 percent versus prior year.

Petco Health + Wellness Company, Inc. Reports First Quarter Earnings and Reaffirms Full Year 2023 Guidance

Petco Health and Wellness Company (WOOF) is likely to meet the Street's expectations when it reports its first quarter earnings and this could set the pet and pet owner health and wellness company up for an improved full-year 2023, according to analysts at UBS. In a note to clients, the analysts wrote that they think the market will walk away from Petco's 1Q earnings with more confidence in its near-term outlook.

Petco set to let investors know they're barking up the right tree in 1Q: broker

Rooted in purpose-driven performance, Petco's commitment to meeting consumer demand for more sustainable pet products and services contributed to a net revenue increase in fiscal year 2022 SAN DIEGO , May 19, 2023 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), today unveiled its third annual environmental, social and governance (ESG) report, detailing the company's progress in its commitment to continue setting the standard in responsible pet care, helping people thrive and preserving the health of our planet. "Petco's goal of being the most trusted resource in pet care means continuing to improve lives by offering the fully integrated services and premium, sustainable products pet lovers are looking for," said Petco CEO Ron Coughlin.

Petco Demonstrates Progress in Supporting the Health of Pets, People and Planet in Latest ESG Report

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Amazon Pet Day started May 2 and goes to May 3 this year.

Amazon Pet Day Is Here. Chewy and Petco Have Their Own Deals, Too.

More often than not, pet parents are willing to take extensive measures to guarantee their pets are given optimal care and attention, which entails providing them with the necessary essentials to flourish.

Companion Pet Service Taps AI to Gain Market Share Over Chewy, Petco

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Recession fears weigh heavily on investor sentiment and stocks, but retail sector insiders have been big buyers of shares of their own companies at a dozen names across the group. CEOs were the buyers at more than half of the names — which adds strength to the signal.

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SAN DIEGO , April 25, 2023 /PRNewswire/ -- On May 24, 2023, 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 2023 earnings results.

Petco Health + Wellness Company, Inc. to Host First Quarter 2023 Earnings Conference Call on May 24, 2023

Petco has launched a badge that designates grooming services and products that have “clean” ingredients. The new Clean Grooming initiative and Clean Ingredients badge appear on the pet health and wellness company's grooming salon menu, product shelves, app and website, Petco said in a Tuesday (April 4) press release.

Petco Launches ‘Clean Ingredients' Badge for Grooming Services and Products

Petco's Clean* Grooming salon services and products make it easy for pet parents to choose personal care offerings for their pets with the same ingredients they would choose for themselves SAN DIEGO , April 4, 2023 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced the launch of its Clean* Grooming initiative, becoming the first national omnichannel pet retailer to offer designated Clean Grooming services and products. Across more than 1,350 Petco pet care centers, petco.com and in the Petco app, pet parents can now easily identify grooming services and products without parabens, phthalates and chemical dyes, so they can make informed decisions about their pets' routine care and overall health.

Petco Unveils Clean Grooming Initiative, Becomes First National Pet Retailer to Offer Clean Grooming Services and Products for Pets

The pandemic surged pet ownership. As people stayed home, they embellished in hobbies and embraced adding a fur baby to the family.

Can These 2 Pet Stocks Escape the Doghouse?

Chewy and Petco have bet big on pet health care, which could be the key to long-term success.

Chewy and Petco earnings make it clear: Pet health care is their future

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Petco hit a new low on Wednesday following mixed quarterly results with weak guidance. Chewy was downgraded on Thursday after also warning of margin pressures in the coming year.

Why Are Pet Stocks Going to the Dogs Again?

Freshpet

Petco announced upbeat fourth-quarter 2022 results on an earnings call Wednesday (March 22), led by its deep investments in pet healthcare and continuing strength in consumables.

Petco Sees Strength in Veterinary and New Customizable Subscription With Freshpet

Petco closed out a good fiscal 2022 this week. The retailer sees additional profitability pressures ahead for 2023.

Why Petco Stock Was Down on Wednesday

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF ) Q4 2022 Earnings Conference Call March 22, 2023 8:00 AM ET Company Participants Cathy Yao - Vice President, Investor Relations Ron Coughlin - Chief Executive Officer Brian LaRose - Chief Financial Officer Conference Call Participants Kate McShane - Goldman Sachs Oliver Wintermantel - Evercore ISI Elizabeth Suzuki - Bank of America Corey Grady - Jefferies Anna Andreeva - Needham & Company Simeon Gutman - Morgan Stanley Steven Forbes - Guggenheim Securities Seth Basham - Wedbush Securities Michael Lasser - UBS Chris Bottiglieri - BNP Paribas Operator Good morning and welcome to the Petco's Fourth Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

Petco Health and Wellness Company, Inc. (WOOF) Q4 2022 Earnings Call Transcript

NIKE

Markets opened largely flat on Wednesday morning. Nike weighed slightly on the Dow Jones Industrials after reporting its financial results.

Nike Fell to Start Wednesday, but Another Stock Really Went to the Dogs

Petco (WOOF) delivered earnings and revenue surprises of -4.17% and 1.66%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Petco Health & Wellness (WOOF) Q4 Earnings Miss Estimates

Petco Health & Wellness Co. Inc.'s stock WOOF, +3.56% slid 7% in premarket trade Wednesday, after the pet food and health products company's fourth-quarter earnings lagged estimates and it offered soft guidance for the current year. San Diego, Calif.

Petco stock slides 7% premarket on earnings miss as company offers soft guidance

This partnership makes Petco the first national brick- and-mortar pet retailer to offer a fresh pet food subscription of this kind through a new e-commerce brand: Freshpet® Custom Meals™ SECAUCUS, N.J. , March 22, 2023 /PRNewswire/ -- Today, Freshpet (Nasdaq: FRPT) and Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) announced an innovative partnership to produce and deliver fresh, customized subscription meal plans directly to pet parents' doors.

Freshpet and Petco Launch Exclusive Industry-First Partnership Offering Customized Fresh Pet Food Subscription Delivered Directly to Pet Parents' Doors

The pet retailer is offering a subscription plan for home delivery of fresh dog food by Freshpet.

Petco Leans Into Fresh Food Trend With Freshpet Partnership

Q4 2022 Highlights Comparable sales grew 5.3 percent year over year and 18.8 percent on a two-year basis, resulting in the seventeenth consecutive quarter of comparable sales growth Net revenue of $1.58 billion increased 4.2 percent year over year Delivered net income of $32.7 million, an increase of 12.9 percent year over year, and Adjusted EBITDA1 of $170.3 million, a decrease of 1.1 percent year over year Earnings per share of $0.12, an increase of $0.01 from prior year.

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