secwatch.observer — SEC 8-K summary
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Issuer:     Petco Health & Wellness Company, Inc. (WOOF)
CIK:        0001826470
Form:       8-K
Filed at:   2026-06-03T20:10:18+00:00
Accession:  0001826470-26-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826470/000182647026000045/0001826470-26-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826470/000182647026000045/woof-20260603.htm
  HTML page:      https://secwatch.observer/filing/0001826470-26-000045

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