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Petco Health and Wellness Company ( (WOOF) ) has provided an update.
On January 22, 2026, Petco Health and Wellness Company announced it had priced a $600 million offering of senior secured notes due February 1, 2031, carrying an interest rate of 8.25%, with the transaction expected to close on February 2, 2026 subject to customary conditions. The notes, guaranteed by Petco’s credit-facility guarantor subsidiaries and secured by first-lien interests in fixed assets and second-lien interests in current assets, will rank ahead of the company’s unsecured and junior-lien debt to the extent of the collateral, while remaining effectively subordinated to certain other secured obligations, and the proceeds, alongside a new term loan and cash on hand, are earmarked to refinance Petco’s existing term loan facility, cover related fees and bolster general corporate liquidity, signaling a significant move to reprofile its capital structure and manage its debt obligations.
The most recent analyst rating on (WOOF) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Petco Health and Wellness Company stock, see the WOOF Stock Forecast page.
Spark’s Take on WOOF Stock
According to Spark, TipRanks’ AI Analyst, WOOF is a Neutral.
The score is driven primarily by mixed financial performance—ongoing profitability and sales pressure, partially offset by improving leverage and sharply better cash flow. Earnings call results/guidance add support due to stronger EBITDA and cash flow execution, while weak technical trends and a loss-driven negative P/E weigh on the overall assessment.
To see Spark’s full report on WOOF stock, click here.
More about Petco Health and Wellness Company
Petco Health and Wellness Company, Inc., listed on Nasdaq under the ticker WOOF, operates in the pet health and wellness retail industry, offering pet food, supplies, services and expertise through more than 1,500 stores across the U.S., Mexico and Puerto Rico, as well as online via its website and app, with a focus on nurturing the pet-human bond and supporting animal welfare through adoption initiatives.
Average Trading Volume: 2,547,275
Technical Sentiment Signal: Strong Sell
Current Market Cap: $812.8M
For an in-depth examination of WOOF stock, go to TipRanks’ Overview page.