Petco Q3 revenue $1.51B (+1.2% YoY); adj EBITDA $81.2M vs $72.2M

Petco Health & Wellness Company, Inc.

2024-Q3 EPS reported -$0.32 revenue$4,564,332,000

Comparable sales +1.8% YoY; consumables +2.7%, services +5.0%, supplies -2.8%.
GAAP net loss $16.7M (-$0.06/share) vs $1.2B loss (-$4.63) prior year due to $1.2B goodwill impairment.
Adjusted net loss $6.5M (-$0.02/share) vs $14.5M loss (-$0.05) prior year.
Adjusted EBITDA $81.2M, up from $72.2M in Q3 last year.
CEO Joel Anderson cites progress on retail fundamentals; expects solid finish to 2024.

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