earnings
confidence high
sentiment negative
materiality 0.70
Petco Q2 revenue up 3.2% to $1.48B, EPS drops to $0.05 from $0.28 YoY; FY22 guidance updated
Petco Health & Wellness Company, Inc.
2022-Q2 EPS reported
$0.14
revenue$2,956,788,000
- Net revenue $1.48B (+3.2% YoY); comparable sales +3.8%, marking 15th consecutive quarterly growth.
- Net income $13.5M ($0.05 EPS) vs $75.1M ($0.28 EPS) prior year; adjusted EPS $0.19 vs $0.25.
- Adjusted EBITDA $142M, down $13.1M YoY; FY22 guidance: revenue $5.975B-$6.05B, Adj EBITDA $580M-$595M.
- EPS hit by $55.4M non-cash investment write-down and $10.9M integration costs for Thrive JV buyout.