Petco Q1 net revenue up 4.3% to $1.48B; comp sales +5.1% YoY

Petco Health & Wellness Company, Inc.

2022-Q1 EPS reported $0.09 revenue$1,475,991,000

Net income rose 227% to $24.7M ($0.09 EPS); adjusted EPS $0.17 flat YoY.
Comparable sales grew 5.1% in Q1, marking 14th consecutive quarter of growth.
Full-year guidance reaffirmed: revenue $6.15B-$6.25B, adjusted EBITDA $630M-$645M.
Adjusted EBITDA up 5.4% to $132.6M.

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