earnings
confidence high
sentiment positive
materiality 0.65
Petco Q2 2026: comps +0.6%, adj EBITDA $122.2M; prepays $75M debt
Petco Health & Wellness Company, Inc.
- Net sales $1.5B up 0.05% YoY; comparable sales +0.6%, 2nd consecutive positive comp quarter.
- Net income $38.7M vs $14.0M; adj EBITDA $122.2M, incl $6.8M net IEEPA tariff refund benefit.
- Repaid additional $75M debt post-quarter, $170M total prepayments in 9 months; total debt $1.48B.
- Reaffirmed FY2026 outlook: net sales flat to +1.5% YoY, Adj EBITDA $415-430M; Q3 adj EBITDA $100-103M.
- Ended Q2 with 1,377 stores (1 net closure); cash $293.5M up $104.8M YoY; inventory down 1.1%.