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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The stock price of Petco Health and Wellness Company Inc (NASDAQ: WOOF) increased by 17.86% yesterday. This is why it happened.

WOOF Stock Price Increased 17.86%: Why It Happened

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Shares of Petco Health and Wellness Company Inc (NASDAQ: WOOF) are down nearly 4% in early pre-market hours on Tuesday at $26.93, a day after a blistering rally in which the stock touched a four-week high. The update comes even as Petco becomes one of the most talked-about stocks on the WallStreetBets forum.

Clean Energy Fuels (CLNE) Spikes Pre-Market As Petco (WOOF) Drops Lower

Stonk Clean Energy Fuels (CLNE) Spikes Pre-Market As Petco (WOOF) Drops Lower

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Petco Health and Wellness Company Inc. (NASDAQ:WOOF) has joined Clean Energy Fuels Corp. (NASDAQ:CLNE), Corsair Gaming Inc. (NASDAQ:CRSR) and AMC Entertainment Holdings Inc. (NYSE:AMC) among the stocks seeing the highest interest on Reddit's r/WallStreetBets forum. What Happened: Clean Energy Fuels remained the most-discussed stock on the forum with 2,337 mentions during the last 24 hours at press time, data from Quiver Quantitative showed.

Petco Joins Top WallStreetBets Interest Alongside Clean Energy Fuels, Corsair Gaming, AMC As Stock Surges

Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) spiked higher on Monday afternoon. Earlier in the day, the company announced plans to present at the Evercore ISI Consumer & Retail Summit on Tuesday morning.

Petco Options Traders Bet An Epic Short Squeeze Is In The Cards

SAN DIEGO, June 14, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (the "Company" or "Petco") (NASDAQ: WOOF) today announced that the Company will present virtually at the Evercore ISI Consumer & Retail Summit on Tuesday, June 15, 2021 at 9:30 A.M. Eastern Time.

Petco to Present at Evercore ISI Consumer & Retail Summit

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The physiological and psychological benefits that pets give us are meaningful. COVID has amplified our appreciation of this. Anticipating 6% annual growth until 2030 may be conservative, even across developed markets.

Overview Of Opportunities In Animal Companionship: A $200B Industry Growing At 6.1% Annually

SAN DIEGO, June 9, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (the "Company" or "Petco") (NASDAQ: WOOF) today announced that the Company will present virtually at the Baird 2021 Global Consumer, Technology & Services Conference on Thursday, June 10, 2021 at 8:30 A.M. Eastern Time.

Petco to Present at the Baird 2021 Global Consumer, Technology & Services Conference

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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

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

News for Petco Health and Wellness Stock (WOOF)