secwatch.observer — SEC 8-K summary
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Issuer:     Petco Health & Wellness Company, Inc. (WOOF)
CIK:        0001826470
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0000950170-25-082319
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Petco Q1 net sales down 2.3% to $1.5B; net loss improves to $11.7M; reaffirms FY2025 outlook
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- Net sales $1.5B, down 2.3% YoY; comparable sales -1.3%; gross margin +30bps to 38.2%.
- Operating income improved $33.1M to $16.4M; GAAP net loss improved $34.8M to $11.7M.
- Adjusted EBITDA rose $13.8M to $89.4M, ahead of guidance.
- Q2 2025 outlook: net sales down low single digits YoY; Adj. EBITDA $92-$94M.
- FY2025 outlook reaffirmed: Adj. EBITDA $375-$390M; capex $125-$130M; assumes tariffs at current levels.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826470/000095017025082319/0000950170-25-082319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826470/000095017025082319/woof-20250605.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-082319

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