8-K
filed March 22, 2023, 7:59 PM ET
ticker WOOF
CIK 0001826470
earnings
confidence medium
sentiment neutral
materiality 0.70
Petco Q4 revenue up 4.2% to $1.58B; comp sales +5.3%; net income $32.7M
Petco Health & Wellness Company, Inc.
2022-FY EPS reported
$0.34
revenue$6,035,967,000
- Q4 net revenue $1.58B (+4.2% YoY); comparable sales +5.3% (17th consecutive quarter of comp growth).
- Q4 net income $32.7M ($0.12 EPS) vs $29.0M ($0.11); adjusted EPS $0.23 vs $0.28.
- Full year revenue $6.04B (+3.9%); net income $90.8M ($0.34) vs $164.4M ($0.62); adjusted EBITDA $582.3M (-1.5%).
- Q4 operating cash flow $136.5M (+95.7%); free cash flow $70.6M vs negative $5M prior year.
- In March 2023, paid down $35M on term loan; targeting $100M total principal payments for 2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Petco Health & Wellness Company, Inc. reported the quarter ended January 28, 2023 results: revenue $1.58 billion, net income $32.7 million, EPS $0.12 per share. Guidance initiated.
- Period
- the quarter ended January 28, 2023
- Revenue
- $1.58 billion
- Net income
- $32.7 million
- EPS
- $0.12 per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
In the fourth quarter of 2022, Petco delivered net revenue of $1.58 billion, up 4.2 percent versus prior year, driven by strength in the company’s consumables business, up 12.1 percent versus prior year, and services and other business, up 17.0 percent versus prior year, which was partially offset by its supplies and companion animal business, down 7.8 percent versus prior year. Net income was $32.7 million or $0.12 per share, compared to $29.0 million or $0.11 per share in the prior year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Petco Health & Wellness Company, Inc. reported the fiscal year ended January 28, 2023 results: revenue $6.04 billion, net income $90.8 million, EPS $0.34 per share. Guidance initiated.
- Period
- the fiscal year ended January 28, 2023
- Revenue
- $6.04 billion
- Net income
- $90.8 million
- EPS
- $0.34 per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
For the full year 2022, Petco delivered net revenue of $6.04 billion, up 3.9 percent versus prior year. Revenue growth was driven by strength in the company’s consumables business, up 12.9 percent versus prior year, and services and other business, up 20.2 percent versus prior year, and partially offset by its supplies and companion animal business, down 8.9 percent versus prior year. Net income was $90.8 million or $0.34 per share, compared to $164.4 million or $0.62 per share in the prior year.
View on SEC.gov
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