secwatch.observer — SEC 8-K summary
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Issuer:     Petco Health & Wellness Company, Inc. (WOOF)
CIK:        0001826470
Form:       8-K
Filed at:   2022-08-24T23:59:59+00:00
Accession:  0001564590-22-030014
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Petco Q2 revenue up 3.2% to $1.48B, EPS drops to $0.05 from $0.28 YoY; FY22 guidance updated
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826470/000156459022030014/0001564590-22-030014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826470/000156459022030014/woof-8k_20220824.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-030014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer