Highest-materiality recent filing
Petco shareholders approve 15.5M share increase under 2021 equity plan
Stockholders approved amendment to 2021 Equity Incentive Plan, increasing authorized shares by 15.5 million to 59.3 million total.
Petco Q1 comps +0.7%, adj. EBITDA $97.3M; reaffirms FY 2026 outlook
Net sales of $1.5B, +0.2% YoY; comparable sales +0.7%, marking return to positive comps.
Petco beats profitability goals in FY2025; reduces leverage to 3.0x; provides FY2026 outlook
Q4 net sales $1.5B (-2.4% YoY); comps -1.6%; Adjusted EBITDA $106.3M (+10.6%), above outlook.
Petco refi with $900M term loan and $600M 8.25% senior secured notes due 2031
$900M refinancing term loans at Term Benchmark + 4.25% (0% floor), maturing Feb 2031 with 1% annual amortization.
Petco completes debt refinancing; Glenn Murphy transitions to Chairman of Board
Debt refinancing closed Feb 2; previously announced; aims to reduce leverage and increase financial flexibility.
Petco prices $600M 8.25% senior secured notes due 2031 to refinance term loan
$600M aggregate principal of 8.250% senior secured notes due February 1, 2031.
Petco announces $650M senior secured notes offering due 2031 to refinance term loan
$650M aggregate principal of senior secured notes due 2031; guaranteed by Petco's subsidiary guarantors.
Petco launches $1.5B debt refinancing, reaffirms FY2025 outlook
Intends to refinance $1.5 billion of its current term loan to extend maturities; subject to market conditions.
Net sales $1.5B, down 3.1% YoY; comparable sales down 2.2% YoY.
Petco Q2 net sales down 2.3% YoY, EBITDA up; raises FY2025 earnings outlook
Q2 net sales $1.5B (-2.3% YoY); comparable sales -1.4%; gross margin expanded 120bps to 39.3%.
Petco to present at Goldman Sachs Global Retailing Conference on Sept. 4, 2025
Presentation scheduled for Thursday, Sept. 4, 2025 at approximately 1:50 p.m. Eastern Time.
Petco shareholders re-elect three directors, approve executive compensation, ratify EY as auditor
R. Michael Mohan: 225.7M votes for (95.8% of votes cast); David Lubek: 213.1M for; Christopher J. Stadler: 207.6M for.
Petco Q1 net sales down 2.3% to $1.5B; net loss improves to $11.7M; reaffirms FY2025 outlook
Net sales $1.5B, down 2.3% YoY; comparable sales -1.3%; gross margin +30bps to 38.2%.
Director Christy Lake to resign from Petco Board at 2025 annual meeting; Board size reduced to 10
Christy Lake resigned from the Board and compensation committee, effective at the 2025 Annual Meeting of Stockholders.
Petco Q4 revenue down 7.3% to $1.6B; guides FY25 Adjusted EBITDA $375-390M
Q4 GAAP net loss $13.8M vs loss $22.6M last year; Adjusted EBITDA $96.1M vs $105.3M.
Petco CFO Brian LaRose to receive $730K separation payment; transition period ends April 30
Brian LaRose succeeded by Sabrina Simmons as CFO effective Feb 17, 2025; remains as non-officer employee through April 30, 2025.
Brian LaRose steps down as CFO on Feb 17, succeeded by Sabrina Simmons; will serve as non-officer employee through April 30, 2025.
Petco appoints Sabrina Simmons as CFO, Michael Romanko as CPO, and Jack Stout as CMO
Sabrina Simmons (ex-Gap CFO) named CFO effective Feb 17; she resigned from Board and Audit Committee.
Petco Q3 revenue $1.51B (+1.2% YoY); adj EBITDA $81.2M vs $72.2M
Comparable sales +1.8% YoY; consumables +2.7%, services +5.0%, supplies -2.8%.
Petco Q2 2024: revenue flat at $1.52B, GAAP net loss $24.8M, adjusted EBITDA down 26%
Net revenue $1.52B, down 0.5% YoY; comparable sales +0.3% YoY.
Petco names Joel Anderson CEO; Mohan to chair new Value Creation Committee
Joel D. Anderson succeeded R. Michael Mohan as CEO effective July 29, 2024.
Petco stockholders elect four Class I directors, approve say-on-pay, ratify EY auditor
Iris Yen elected with 215.8M votes for; Cameron Breitner 212.5M; Sabrina Simmons 216.0M; Glenn Murphy 214.7M.
Petco appoints Joel D. Anderson as CEO effective July 29, 2024; Mohan returns to board
Joel D. Anderson, former Five Below CEO, named CEO of Petco effective July 29, 2024.
Petco eliminates COO role; appoints new Chief Stores Officer and Interim Chief Merchant
Justin Tichy resigns as COO effective June 8, 2024; role eliminated.
Petco reports Q1 net loss of $46.5M; revenue down 1.7% YoY to $1.5B
GAAP net loss of $46.5M ($0.17 per share) vs. prior year loss of $1.9M ($0.01 per share).
Petco appoints Glenn Murphy Executive Chairman; he invests $2.5M in stock
Murphy purchased 1.47M shares at $1.70 via private placement for ~$2.5M; 50% held through 2026, 50% through 2027.
Petco terminates Chief Customer Officer Darren MacDonald effective April 12
Darren MacDonald's employment as Chief Customer Officer terminated without cause effective April 12, 2024.
Petco Q4 GAAP loss $0.08/sh, adjusted EPS $0.02; CEO Coughlin out, Mohan interim
Q4 net revenue $1.7B (+6.1% YoY); comparable sales -0.9%; GAAP net loss $22.6M vs prior-year net income $32.7M.
Petco CFO to speak at UBS Consumer & Retail Conference on March 14
CFO Brian LaRose will present at UBS Global Consumer and Retail Conference on March 14, 2024.
Petco posts Q3 net loss of $1.2B on $1.49B revenue; non-cash impairment charge
GAAP net loss of $1.2B ($4.63 per share) includes $1.2B non-cash goodwill impairment from 2015.
Petco CFO and Chief Veterinarian to speak at Evercore ISI Pet Care Summit on Sept 20
Brian LaRose (CFO) in fireside chat ~11:40 AM ET; Dr. Whitney Miller on pet services panel ~12:30 PM ET.
Petco CEO Ron Coughlin to speak at Goldman Sachs retail conference on Sept 13
Ron Coughlin (Chairman & CEO) to participate in fireside chat at 30th Annual Goldman Sachs Global Retailing Conference on Sept 13, 2023 at 3:55 p.m. ET.
Petco Q2 net loss $14.6M vs net income $13.5M a year ago; revenue up 3.4% to $1.53B
Comparable sales grew 3.2% YoY; 19th consecutive quarter of comp sales growth.
Petco appoints Iris Yen and David Lubek to Board following resignations of Pereira and Biagosch
Jennifer Pereira resigned from Board effective June 23, 2023; Maximilian Biagosch resigned effective June 29, 2023, both not due to any disagreement.
Stockholders elected Gary Briggs, Nishad Chande, and Mary Sullivan as Class III directors.
Petco Q1 revenue up 5.4% to $1.56B, net loss $1.9M, reaffirms FY2023 guidance
Comparable sales grew 5.1% YoY (18th consecutive quarter); consumables +11.2%, services +25.4%.
Petco Q4 revenue up 4.2% to $1.58B; comp sales +5.3%; net income $32.7M
Q4 net revenue $1.58B (+4.2% YoY); comparable sales +5.3% (17th consecutive quarter of comp growth).
Petco to present at Needham Growth Conference fireside chat on Jan 11, 2023
Participating in a fireside chat at the 25th Annual Needham Growth Conference.
Petco amends credit agreements to replace LIBOR with SOFR-based rates
Both First Lien and ABL credit agreements amended to replace LIBOR with Adjusted Term SOFR plus credit spread adjustments (11.448 bps for 1M, 26.161 bps for 3M, 42.826 bps for 6M).
Petco corrects time for Morgan Stanley conference fireside chat to 1:45 p.m. ET
Fireside chat at Morgan Stanley Global Consumer & Retail Conference rescheduled to Dec 6, 2022 at 1:45 p.m. EST.
Petco to participate in Morgan Stanley conference fireside chat on Dec 6
Company to present at Morgan Stanley Global Consumer & Retail Conference on Dec 6, 2022 at 8:45 a.m. ET.
Net revenue $1.50B (+4.0% YoY); comparable sales up 4.1%, marking 16th consecutive quarter of growth.
Petco adopts executive severance plan covering non-CEO officers
Plan effective Sept 29, 2022; Tier 1: Section 16 officers except CEO; Tier 2: other SVP+ employees.
Petco to present at Goldman Sachs Global Retailing Conference on Sept 7
Presentation at Goldman Sachs 29th Annual Global Retailing Conference on Sept 7, 2022 at 4 p.m. ET.
Petco discloses separation agreement with departing officer Michael Nuzzo
Lump sum cash payment of $1,318,015 covering 18 months base salary, health premiums, and 50% of target FY2022 bonus.
Petco Q2 revenue up 3.2% to $1.48B, EPS drops to $0.05 from $0.28 YoY; FY22 guidance updated
Net revenue $1.48B (+3.2% YoY); comparable sales +3.8%, marking 15th consecutive quarterly growth.
Petco appoints Justin Tichy as COO; Mike Nuzzo to leave company
Justin Tichy named COO and Chief Pet Care Center Officer effective Aug 8, 2022, succeeding Mike Nuzzo.
Christy Lake, Mike Mohan, Jennifer Pereira, Christopher Stadler elected as Class II directors with >220M votes for each.
Petco Q1 net revenue up 4.3% to $1.48B; comp sales +5.1% YoY
Net income rose 227% to $24.7M ($0.09 EPS); adjusted EPS $0.17 flat YoY.
Petco Q1 net revenue $1.48B (+4.3% YoY); net income up 227% to $0.09 EPS
Comparable sales grew 5.1% YoY and 33.5% on a two-year stack; 14th consecutive quarter of growth.
On May 19, 2025, Christy Lake resigned from the Board of Directors (the “Board”) of Petco Health and Wellness Company, Inc. (the “Company”) and its compensation committee, effective as of the election of directors at the Company’s 2025 Annual Meeting of Stockholders (the “Annual Meeting”).
Sabrina Simmons succeeded Brian LaRose as the Company’s Chief Financial Officer (the “CFO Succession”), effective as of February 17, 2025
Sabrina Simmons succeeded Brian LaRose as the Company’s Chief Financial Officer (the “CFO Succession”), effective as of February 17, 2025
Mr. LaRose became a full-time non-officer employee of the Company, and is expected to remain employed for a transition period ending on April 30, 2025.
appointed Sabrina Simmons to succeed Brian LaRose as the Company’s Chief Financial Officer (the “CFO Succession”), effective as of February 17, 2025
Ms. Simmons resigned from the Board
On July 29, 2024 (the “Transition Date”), Joel D. Anderson succeeded R. Michael Mohan, interim Chief Executive Officer of Petco Health and Wellness Company, Inc. (the “Company”), as the Chief Executive Officer of the Company.
On July 29, 2024 (the “Transition Date”), Joel D. Anderson succeeded R. Michael Mohan, interim Chief Executive Officer of Petco Health and Wellness Company, Inc. (the “Company”), as the Chief Executive Officer of the Company.
Mr. Anderson was appointed as a member of the Board to fill such vacancy
appointed Joel D. Anderson to succeed R. Michael Mohan, interim Chief Executive Officer, as the Chief Executive Officer of the Company
appointed Joel D. Anderson to succeed R. Michael Mohan, interim Chief Executive Officer, as the Chief Executive Officer of the Company (the “CEO Succession”), effective as of July 29, 2024
On May 28, 2024, Justin Tichy notified Petco Health and Wellness Company, Inc. (the “Company”) of his resignation from his position as Chief Operating Officer of the Company, effective June 8, 2024.
Max materiality 0.85 · Median 0.60 · Most common event earnings