Petco Q2 net loss $14.6M vs net income $13.5M a year ago; revenue up 3.4% to $1.53B

Petco Health & Wellness Company, Inc.

2023-Q2 EPS reported -$0.06 revenue$3,086,642,000

Comparable sales grew 3.2% YoY; 19th consecutive quarter of comp sales growth.
Net loss of $14.6M ($0.05 loss per share) vs net income of $13.5M ($0.05 EPS) in prior year.
Adjusted EBITDA fell to $112.6M from $133.5M; adjusted EPS $0.06 vs $0.16.
Operating cash flow improved to $96.6M from $42.6M; free cash flow $44.6M from $(27.7)M.
Revenue of $1.53B up 3.4% YoY on continued services and consumables strength.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Petco Health & Wellness Company, Inc. reported the quarter ended July 29, 2023 results: revenue $1.53 billion, net income Net loss of $14.6 million, or $(0.05) per share.

Period: the quarter ended July 29, 2023
Revenue: $1.53 billion
Net income: Net loss of $14.6 million, or $(0.05) per share
Result: reported results

Exact text from the filing

• Comparable sales grew 3.2 percent year-over-year and 7.0 percent on a two-year basis, resulting in the 19 th consecutive quarter of comparable sales growth • Net revenue of $1.53 billion increased 3.4 percent year-over-year • Net loss of $14.6 million, or $(0.05) per share compared to net income of $13.5 million, or $0.05 per share in the prior year • Adjusted

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Source: SEC EDGAR

accession 0000950170-23-044238

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