Highest-materiality recent filing
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 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%.
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.
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 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 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 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 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 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 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.
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