---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-023757"
form_type: "8-K"
ticker: "WOOF"
cik: "0001826470"
company_name: "Petco Health & Wellness Company, Inc."
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:09:01.622985+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Petco Q1 revenue up 5.4% to $1.56B, net loss $1.9M, reaffirms FY2023 guidance

## Summary
- Comparable sales grew 5.1% YoY (18th consecutive quarter); consumables +11.2%, services +25.4%.
- Adjusted EPS $0.06 vs $0.14 prior year; adjusted EBITDA $111.0M, down 6.9% YoY.
- Net loss of $1.9M ($0.01/sh) vs net income $24.7M ($0.09/sh) prior year, driven by higher interest expense.
- Paid down $35M term loan in Q1 and $25M in May; targeting $100M total debt paydown in 2023.
- Company reaffirms full year 2023 guidance; remains focused on de-levering balance sheet.

## SEC filing metadata
- accession: 0000950170-23-023757
- form_type: 8-K
- ticker: WOOF
- cik: 0001826470
- company_name: Petco Health & Wellness Company, Inc.
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826470/000095017023023757/0000950170-23-023757-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826470/000095017023023757/woof-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-023757
- JSON: https://secwatch.observer/filing/0000950170-23-023757.json
- Plain text: https://secwatch.observer/filing/0000950170-23-023757.txt

## Key facts
- Earnings Releases
  Petco Health & Wellness Company, Inc. reported first quarter of fiscal 2023 results: revenue $1.56 billion, net income Net loss of $1.9 million, EPS $(0.01) per diluted share. Guidance reaffirmed.
  - Period: first quarter of fiscal 2023
  - Revenue: $1.56 billion
  - Net income: Net loss of $1.9 million
  - EPS: $(0.01) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: • Comparable sales grew 5.1 percent year-over-year and 10.2 percent on a two-year basis, resulting in the 18 th consecutive quarter of comparable sales growth • Net revenue of $1.56 billion increased 5.4 percent year-over-year • Net loss of $1.9 million, or $(0.01) per diluted share compared to net income of $24.7 million, or $0.09 per diluted share in the prior
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826470/000095017023023757/0000950170-23-023757-index.htm
- Earnings Releases
  Petco Health & Wellness Company, Inc. reported the quarter ended April 29, 2023 results: revenue $1.56 billion, net income $1.9 million, EPS $(0.01) per diluted share. Guidance reaffirmed.
  - Period: the quarter ended April 29, 2023
  - Revenue: $1.56 billion
  - Net income: $1.9 million
  - EPS: $(0.01) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: • Comparable sales grew 5.1 percent year-over-year and 10.2 percent on a two-year basis, resulting in the 18 th consecutive quarter of comparable sales growth • Net revenue of $1.56 billion increased 5.4 percent year-over-year • Net loss of $1.9 million, or $(0.01) per diluted share compared to net income of $24.7 million, or $0.09 per diluted share in the prior
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826470/000095017023023757/0000950170-23-023757-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.