secwatch.observer — SEC 8-K summary
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Issuer:     Petco Health & Wellness Company, Inc. (WOOF)
CIK:        0001826470
Form:       8-K
Filed at:   2025-08-28T23:59:59+00:00
Accession:  0001826470-25-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Petco Q2 net sales down 2.3% YoY, EBITDA up; raises FY2025 earnings outlook
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- Q2 net sales $1.5B (-2.3% YoY); comparable sales -1.4%; gross margin expanded 120bps to 39.3%.
- GAAP net income $14.0M (improved $38.8M); Adjusted EBITDA $113.9M (+$30.3M).
- Full year FY2025 outlook: net sales down low single digits; Adj. EBITDA raised to $385M-$395M; net store closures ~25.
- Q3 FY2025 outlook: Adj. EBITDA $92M-$94M; net sales down low single digits.
- CEO Joel Anderson: 'first half established solid foundation for transformation; raising earnings outlook.'

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826470/000182647025000010/0001826470-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826470/000182647025000010/woof-20250828.htm
  HTML page:      https://secwatch.observer/filing/0001826470-25-000010

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