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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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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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

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

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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.

Petco Health + Wellness Company, Inc. Reports Fourth Quarter and Full Year 2022 Earnings, Issues 2023 Outlook

Citigroup downgraded Petco Health and Wellness Company Inc  (NASDAQ:WOOF) to "neutral" from "buy" this morning, and lowered its price target to $12 from $15.

Analyst Downgrades Pet Retailer, Shares Plummet

Petco Health and Wellness Company has not fared all that well compared to the broader market. This comes even as sales continue to climb and as bottom line results are mixed but still positive.

Petco Health And Wellness Company: Still Appealing Despite The Market's Reaction

Petco's health and wellness product assortment, including owned brands, will be available in dedicated shop-in-shop experiences across 450 Canadian Tire stores in 2023  SAN DIEGO , Feb. 15, 2023 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced a significant expansion to its existing exclusive retail partnership with Canada's iconic retail brand, Canadian Tire (TSX: CTC, TSX: CTC.A). The expansion forms part of Canadian Tire's renewed store concept and broader product assortment being rolled out as part of the company's Better Connected strategy.

Petco Expands Exclusive Shop-in-Shop Partnership with Top Canadian Lifestyle Retailer Canadian Tire

SAN DIEGO , Feb. 13, 2023 /PRNewswire/ -- On March 22, 2023, at approximately 7:00 a.m. Eastern Time, Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, will release its fourth quarter 2022 earnings results.

Petco Health + Wellness Company, Inc. to Host Fourth Quarter 2022 Earnings Conference Call on March 22, 2023

Vital Care program unites the best of Petco's health and wellness offerings to deliver value and drive loyalty SAN DIEGO , Jan. 30, 2023 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced it will unify over 24 million subscribers within a two-tiered offering under its Vital Care  program. The embodiment of Petco's unique health and wellness omnichannel ecosystem, Vital Care sits at the intersection of value and loyalty and provides pet parents with a seamless connection to Petco's differentiated merchandise and services offerings, while driving repeat visits and engagement.

Petco Unifies Customer Memberships Under 'Vital Care' Program for an Integrated Omnichannel Experience

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SAN DIEGO , Jan. 4, 2023 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (the "Company" or "Petco") (Nasdaq: WOOF) today announced that the Company will participate in a fireside chat at the 25th Annual Needham Growth Conference on Wednesday, January 11, 2023 at 12:45 p.m. Eastern Standard Time.

Petco to Participate in the 25th Annual Needham Growth Conference

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Embracing platform efficiencies, Petco is serving deeper needs among growing ranks of pet parents.

Petco Ecosystem Expands as Pet Parents Seek Human-Grade Pet Care

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Petco Health was forced to cut the full year guidance in a big way this year. This does not come as a surprise to me after looking at the situation earlier this summer.

Petco Health: Still Not Convincing

SAN DIEGO , Dec. 2, 2022 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (the "Company" or "Petco") (Nasdaq: WOOF) today announced that the Company will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on Tuesday, December 6, 2022 at 1:45 p.m. Eastern Standard Time.

Petco Updates Time for Participation in Morgan Stanley Global Consumer & Retail Conference

SAN DIEGO , Dec. 1, 2022 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (the "Company" or "Petco") (Nasdaq: WOOF) today announced that the Company will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on Tuesday, December 6, 2022 at 8:45 a.m. Eastern Standard Time.

Petco to Participate in the Morgan Stanley Global Consumer & Retail Conference

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF ) Q3 2022 Earnings Conference Call November 30, 2022 8:30 AM ET Company Participants Benjamin Thiele-Long - Director, Executive and Business Communications Ron Coughlin - Chief Executive Officer Brian LaRose - Chief Financial Officer Conference Call Participants Liz Suzuki - Bank of America Simeon Gutman - Morgan Stanley Peter Benedict - Baird Oliver Wintermantel - Evercore ISI Michael Lasser - UBS Chris Bottiglieri - BNP Paribas Steven Zaccone - Citi Seth Basham - Wedbush Julio Marquez - Guggenheim Corey Grady - Jefferies Anna Andreeva - Needham Operator Good morning and welcome to the Petco's Third Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Petco Health and Wellness Company, Inc. (WOOF) Q3 2022 Earnings Call Transcript

Petco has 1,500 retail locations but now calls itself a “pet platform company.” Petco CEO Ron Coughlin told investors and analysts that the chain added over 325,000 net new customers in the third quarter for a total active customer base above 25 million pet parents.

News for Petco Health and Wellness Stock (WOOF)