secwatch.observer — SEC 8-K summary
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Issuer:     Petco Health & Wellness Company, Inc. (WOOF)
CIK:        0001826470
Form:       8-K
Filed at:   2026-03-11T23:59:59+00:00
Accession:  0001193125-26-102144
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Petco beats profitability goals in FY2025; reduces leverage to 3.0x; provides FY2026 outlook
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- Q4 net sales $1.5B (-2.4% YoY); comps -1.6%; Adjusted EBITDA $106.3M (+10.6%), above outlook.
- Full year net sales $6.0B (-2.5%); net income $9.1M vs loss of $101.8M; Adjusted EBITDA $408.2M (+21.3%).
- Leverage ratio improved from 4.2x to 3.0x; debt refinanced with $900M term loan and $600M bond, maturities extended to 2031.
- FY2026 guidance: net sales flat to +1.5% YoY; Adjusted EBITDA $415M-$430M; Q1 Adjusted EBITDA $92M-$94M.
- Free cash flow $187M, up 276.3%; inventory down 9.7%; net store closures ~15-20 for FY2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826470/000119312526102144/0001193125-26-102144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826470/000119312526102144/woof-20260311.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-102144

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