Petco Health And Wellness Company Inc ( (WOOF) ) has released its Q1 earnings. Here is a breakdown of the information Petco Health And Wellness Company Inc presented to its investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Petco Health and Wellness Company, Inc. is a leading provider of comprehensive pet wellness products, services, and solutions, operating over 1,500 pet care centers across the U.S., Mexico, and Puerto Rico. The company focuses on enhancing the lives of pets and their owners through a complete pet health ecosystem accessible both in-store and digitally.
In its first quarter of 2025, Petco reported net sales of $1.5 billion, marking a 2.3% decrease year-over-year, which aligns with their expectations. Despite the decline in sales, the company saw improvements in gross profit margin, operating income, and a reduction in net loss, highlighting effective cost management and operational strategies.
Key financial metrics showed a gross profit margin increase to 38.2%, with operating income improving by $33.1 million to $16.4 million. The GAAP net loss also improved significantly by $34.8 million, reducing to $11.7 million. Adjusted EBITDA rose by $13.8 million to $89.4 million, reflecting strong operational performance.
Looking ahead, Petco has reaffirmed its fiscal 2025 net sales and earnings outlook, anticipating a slight decline in net sales year-over-year. The company remains focused on executing its strategic plans to drive sustainable and profitable growth, even as it navigates challenges such as tariffs and macroeconomic pressures.