earnings
confidence high
sentiment negative
materiality 0.65
Petco Q2 2024: revenue flat at $1.52B, GAAP net loss $24.8M, adjusted EBITDA down 26%
Petco Health & Wellness Company, Inc.
2024-Q2 EPS reported
-$0.26
revenue$3,052,895,000
- Net revenue $1.52B, down 0.5% YoY; comparable sales +0.3% YoY.
- GAAP net loss $24.8M ($0.09 loss per share) vs $14.6M loss a year ago.
- Adjusted EBITDA $83.5M vs $112.6M; Adjusted net loss $5.9M vs prior-year profit.
- Consumables +1.5%, services +3.1%, supplies/companion animal -4.7% YoY.
- Operating cash flow $69.4M, free cash flow $42.0M; both declined YoY.