---
schema_version: "secwatch.filing_event.v1"
accession: "0001826470-26-000045"
form_type: "8-K"
ticker: "WOOF"
cik: "0001826470"
company_name: "Petco Health & Wellness Company, Inc."
filed_at: "2026-06-03T20:10:18+00:00"
generated_at: "2026-06-03T20:39:32.590128+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Petco Q1 comps +0.7%, adj. EBITDA $97.3M; reaffirms FY 2026 outlook

## Summary
- Net sales of $1.5B, +0.2% YoY; comparable sales +0.7%, marking return to positive comps.
- Gross margin improved 21bps to 38.4%; operating income rose 50.5% to $24.6M.
- Adj. EBITDA $97.3M vs $89.4M; net loss widened to $15.1M from $11.7M.
- Total debt reduced to $1.482B from $1.593B; cash balance $166.8M.
- FY 2026 outlook reaffirmed: net sales flat to +1.5%, adj. EBITDA $415M-$430M; Q2 adj. EBITDA guided $110M-$112M.

## SEC filing metadata
- accession: 0001826470-26-000045
- form_type: 8-K
- ticker: WOOF
- cik: 0001826470
- company_name: Petco Health & Wellness Company, Inc.
- filed_at: 2026-06-03T20:10:18+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826470/000182647026000045/0001826470-26-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826470/000182647026000045/woof-20260603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001826470-26-000045
- JSON: https://secwatch.observer/filing/0001826470-26-000045.json
- Plain text: https://secwatch.observer/filing/0001826470-26-000045.txt

## Key facts
- Earnings Releases
  Petco Health & Wellness Company, Inc. updated its fiscal year 2026 guidance (reaffirmed).
  - Period: fiscal year 2026
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The company reaffirmed its full year 2026 net sales and EBITDA outlook and provided its outlook for the second quarter of 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826470/000182647026000045/0001826470-26-000045-index.htm
- Earnings Releases
  Petco Health & Wellness Company, Inc. reported the quarter ended May 2, 2026 results: revenue $1.5 billion, net income Net loss of $15.1 million.
  - Period: the quarter ended May 2, 2026
  - Revenue: $1.5 billion
  - Net income: Net loss of $15.1 million
  - Result: reported results
  source text: Net sales of $1.5 billion increased 0.2%; comparable sales increased 0.7%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826470/000182647026000045/0001826470-26-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.