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The latest announcement is out from Petco Health and Wellness Company ( (WOOF) ).
Petco Health and Wellness Company reported a 1.2% increase in net revenue for Q3 2024, with total earnings of $1.51 billion, despite a GAAP net loss of $16.7 million. The company saw growth in its consumables and services sectors, while supplies and companion animal businesses declined. CEO Joel Anderson expressed optimism about Petco’s future, focusing on profitability and free cash flow. For Q4, Petco forecasts revenue of approximately $1.55 billion, with adjusted EBITDA between $90 million and $95 million.
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