secwatch.observer — SEC 8-K summary
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Issuer:     Petco Health & Wellness Company, Inc. (WOOF)
CIK:        0001826470
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0000950170-23-066548
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Petco posts Q3 net loss of $1.2B on $1.49B revenue; non-cash impairment charge
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- GAAP net loss of $1.2B ($4.63 per share) includes $1.2B non-cash goodwill impairment from 2015.
- Net revenue $1.49B, down 0.5% YoY; comparable sales flat YoY but up 4.1% two-year.
- Adjusted EBITDA fell to $72.2M from $120.2M YoY; adjusted EPS $(0.05) vs $0.11.
- Operating cash flow $34.4M vs $109.4M YoY; free cash flow negative $(28.1)M.
- Year-to-date free cash flow $(7.8)M vs $(2.6)M in prior year period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826470/000095017023066548/0000950170-23-066548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826470/000095017023066548/woof-20231129.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-066548

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer