secwatch.observer — SEC 8-K summary
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Issuer:     Petco Health & Wellness Company, Inc. (WOOF)
CIK:        0001826470
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001193125-24-066384
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826470/000119312524066384/0001193125-24-066384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826470/000119312524066384/d812696d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-066384

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