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Petco Reports Decrease in Revenue, Improves Cash Flow

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Petco Reports Decrease in Revenue, Improves Cash Flow

Petco Health and Wellness Company ( (WOOF) ) has issued an announcement.

Petco Health and Wellness Company reported its financial results for the fourth quarter and full year 2024, showing a decrease in net revenue and gross profit compared to the previous year. Despite these declines, the company reduced its GAAP net loss significantly and improved its free cash flow. CEO Joel Anderson expressed confidence in the new leadership team’s ability to drive double-digit adjusted EBITDA growth in 2025, positioning the company for sustainable profitable growth.

More about Petco Health and Wellness Company

Founded in 1965, Petco Health and Wellness Company is a leading entity in the pet care industry, offering a comprehensive range of pet wellness products, services, and solutions. The company operates over 1,500 pet care centers across the U.S., Mexico, and Puerto Rico, providing merchandise, grooming, training, and veterinary services, both in-store and through digital platforms.

YTD Price Performance: -39.76%

Average Trading Volume: 3,693,910

Technical Sentiment Signal: Strong Buy

Current Market Cap: $680.9M

Find detailed analytics on WOOF stock on TipRanks’ Stock Analysis page.

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