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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SAN DIEGO , July 18, 2023 /PRNewswire/ -- On August 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 second quarter 2023 earnings results.

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

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Petco, where the pets go. That's the motto the specialty retailer aims to bring to its latest retail development: Petco's flagship store in Union Square in New York City.

Petco Opens One-Stop Destination for Pet Health and Wellness in New York City

New Union Square location blends Petco's fully integrated pet services and merchandise offerings in a setting that incorporates classic New York design and architectural elements SAN DIEGO , June 1, 2023  /PRNewswire/ -- Today, Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) unveiled its new Union Square flagship, a unique one-stop health and wellness destination for pets, in the heart of New York City. This weekend, Petco will host a grand opening celebration and adoption event in partnership with Petco Love, including free pet-friendly activities, giveaways, and adoptable pets.

Petco Unveils Complete Pet Care Experience at New Flagship in New York City

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Petco reported a modest loss in Q1, partly due to higher interest payments on debt. Sales are still rising.

Why Petco Stock Was Down This Week

The company swings to a loss in its latest quarter, citing "a more cautious consumer."

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Petco Health and Wellness Company, Inc. (NASDAQ:WOOF ) Q1 2023 Earnings Call Transcript May 24, 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 Oliver Wintermantel - Evercore ISI Peter Benedict - Robert W. Baird Steven Forbes - Guggenheim Securities Kate McShane - Goldman Sachs Seth Basham - Wedbush Securities Anna Andreeva - Needham & Company Zachary Fadem - Wells Fargo Steven Zaccone - Citigroup Inc Greg Sommer - Gordon Haskett Michael Lasser - UBS Simeon Gutman - Morgan Stanley Operator Good morning, and welcome to Petco's First Quarter 2023 Earnings Conference Call.

Petco Health and Wellness Company, Inc. (WOOF) Q1 2023 Earnings Call Transcript

Petco's profit margins are being pinched by a shift in demand trends. The company reaffirmed its 2023 growth and earnings forecasts.

Why Petco Stock Dropped on Wednesday

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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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.

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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.

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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.

News for Petco Health and Wellness Stock (WOOF)