---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-066384"
form_type: "8-K"
ticker: "WOOF"
cik: "0001826470"
company_name: "Petco Health & Wellness Company, Inc."
filed_at: "2024-03-13T23:59:59+00:00"
generated_at: "2026-06-04T22:29:43.826266+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Petco Q4 GAAP loss $0.08/sh, adjusted EPS $0.02; CEO Coughlin out, Mohan interim

## Summary
- Q4 net revenue $1.7B (+6.1% YoY); comparable sales -0.9%; GAAP net loss $22.6M vs prior-year net income $32.7M.
- Full-year GAAP net loss $1.3B (incl. $1.2B goodwill impairment); adjusted EPS $0.09 vs $0.61 prior year.
- CEO Ron Coughlin stepped down; Board reduced to 10; R. Michael Mohan appointed interim CEO effective March 13.
- Mohan compensation: base $1.1M, target bonus 125%, equity awards $8M with exercise price $5.00.
- Coughlin to provide transition services through May 1, then consulting at $107,500/month for 12 months.

## SEC filing metadata
- accession: 0001193125-24-066384
- form_type: 8-K
- ticker: WOOF
- cik: 0001826470
- company_name: Petco Health & Wellness Company, Inc.
- filed_at: 2024-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826470/000119312524066384/0001193125-24-066384-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826470/000119312524066384/d812696d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-066384
- JSON: https://secwatch.observer/filing/0001193125-24-066384.json
- Plain text: https://secwatch.observer/filing/0001193125-24-066384.txt

## Key facts
- Earnings Releases
  Petco Health & Wellness Company, Inc. reported fourth quarter and full year 2023 results: revenue $1.7 billion, net income GAAP net loss of $22.6 million or $(0.08) per share, EPS $(0.08) per share.
  - Period: fourth quarter and full year 2023
  - Revenue: $1.7 billion
  - Net income: GAAP net loss of $22.6 million or $(0.08) per share
  - EPS: $(0.08) per share
  - Result: reported results
  source text: FOR IMMEDIATE RELEASE: March 13, 2024 Petco Health + Wellness Company, Inc. Reports Fourth Quarter and Full Year 2023 Earnings Q4 2023 Highlights • Net revenue of $1.7 billion increased 6.1 percent year over year including the 14 th week • Comparable sales declined 0.9 percent year over year and increased 4.4 percent on a two-year basis • GAAP net loss
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826470/000119312524066384/0001193125-24-066384-index.htm
- Executive change
  Ronald V. Coughlin, Jr. departed as Chief Executive Officer, Chairman and member of the Board at Petco Health & Wellness Company, Inc..
  - Action: ended
  - Role: Chief Executive Officer, Chairman and member of the Board
  source text: Ronald V. Coughlin, Jr., whose role as the Company’s Chief Executive Officer, Chairman and member of the Board ended effective March 12, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826470/000119312524066384/0001193125-24-066384-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.