Content Detail

• Content META

  Title	Petco Reports Second Quarter 2025 Financial Results By Petco - Investor Relations Aug 28, 2025 Aug 28, 2025
  ID	12876878
  External ID	7991604717
  Author	Unknown
  Published Date	Aug. 29, 2025, 7:26 p.m.
  Summary	Raises Fiscal 2025 Earnings Outlook* SAN DIEGO Aug. 28, 2025 /PRNewswire/ -- Petco (Nasdaq: WOOF) today announced its second quarter 2025 financial results. Q2 2025 Overview Net sales of $1.5 billi
  Tags	None
  URL	https://www.theshoalsnews.com/online_features/press_releases/petco-reports-second-quarter-2025-financial-results/article_fcbbce5d-c79a-5a83-a4be-89fb46dab619.html
  Sentiment	Negative: 0.75621    Neutral: 0.03420    Positive: 0.20959
  Relevance	0.02232

• Content Details

  Content ID	8176378
  Key	a2fac97e-63ac-41df-aca1-c68b2eb018d0
  Content	Raises Fiscal 2025 Earnings Outlook* SAN DIEGO Aug. 28, 2025 /PRNewswire/ -- Petco (Nasdaq: WOOF) today announced its second quarter 2025 financial results. Q2 2025 Overview Net sales of $1.5 billion decreased 2.3% year over year in line with the company's second quarter outlook Comparable sales decreased 1.4% year over year Gross profit margin expanded approximately 120 basis points to 39.3% as a percentage of net sales Operating income improved $40.6 million to $43.0 million GAAP net income improved $38.8 million to $14.0 million Adjusted EBITDA increased $30.3 million to $113.9 million "For the second quarter we once again delivered against our commitments, enabling us to raise our earnings outlook for the full year. The first half of this year established a solid foundation for our transformation as we continued to strengthen our economic model and improve retail operating fundamentals," said Joel Anderson, Petco's Chief Executive Officer. "As we look ahead to the remainder of this year, we will continue to execute on our objectives while also leaning into select targeted investments that we believe will help set the stage for a return to sustainable profitable growth." Full Year 2025 Outlook The company maintained its full year net sales outlook and raised its full year 2025 earnings outlook. In addition, the company provided its outlook for the third quarter of 2025. The Company's third quarter and full year 2025 outlook assumes that the tariffs on imports into the U.S. from China and other countries as of August 28, 2025 will stay at current or planned levels and do not increase for the remainder of the year. FY 2025 Outlook* Net Sales Down low single digits year over year Adjusted EBITDA $385 million to $395 million Net interest expense ~$130 million Capital Expenditures $125 million to $130 million Depreciation & Amortization ~$200 million Net Store Closures ~25 Third Quarter 2025 Outlook Q3 2025 Outlook* Net Sales Down low single digits year over year Adjusted EBITDA $92 million to $94 million *Assumptions in the outlook include that economic conditions, currency rates and the tax and regulatory landscape remain generally consistent, and that current or planned tariffs on imports into the U.S. from other countries remain at August 28, 2025 levels. Adjusted EBITDA is a non-GAAP financial measure and has not been reconciled to the most comparable GAAP outlook because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management's control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide outlook for the comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA are made in a manner consistent with the relevant definitions and assumptions noted herein and in our filings with the Securities and Exchange Commission. Adjusted EBITDA is a non-GAAP financial measure. See "Non-GAAP Financial Measures" for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures. Earnings Conference Call Webcast Information: Management will host an earnings conference call on August 28, 2025 at approximately 4:30 PM Eastern Time to discuss the company's financial results. A live webcast of the conference call will be available on the company's Investor Relations page at https://ir.petco.com/news-and-events/events-and-presentations . A replay of the webcast will be available through the same link approximately two hours after the conference call. About Petco: We're proud to be "where the pets go" to find everything they need to live their best lives for more than 60 years — from their favorite meals and toys, to trusted supplies and expert support from people who get it, because we live it. We believe in the universal truths of pet parenthood — the boundless boops, missing slippers, late night zoomies and everything in between. And we're here for it. Every tail wag, every vet visit, every step of the way. We nurture the pet-human bond in the aisles of more than 1,500 Petco stores across the U.S., Mexico and Puerto Rico . Customers experience our exclusive selection of pet care products, services, expertise and membership offerings in stores and online at petco.com , and on the Petco app. In 1999, we founded Petco Love. Together, we support thousands of local animal welfare groups nationwide, and have helped find homes for ~7 million animals through in-store adoption events. Forward-Looking Statements: This earnings release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, concerning expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are not statements of historical fact, including, but not limited to, statements regarding our Q3 and full year 2025 outlook, operational reset of our business, our competitive positioning, profitability, cost action plans and associated cost-savings, and our expectations regarding tariffs and associated impacts. Such forward-looking statements can generally be identified by the use of forward-looking terms such as "believes," "expects," "may," "intends," "will," "shall," "should," "anticipates," "opportunity," "illustrative," or the negative thereof or other variations thereon or comparable terminology. Although Petco believes that the expectations and assumptions reflected in these statements are reasonable, there can be no assurance that these expectations will prove to be correct or that any forward-looking results will occur or be realized. Nothing contained in this earnings release is, or should be relied upon as, a promise or representation or warranty as to any future matter, including any matter in respect of the operations or business or financial condition of Petco. All forward-looking statements are based on current expectations and assumptions about future events that may or may not be correct or necessarily take place and that are by their nature subject to significant uncertainties and contingencies, many of which are outside the control of Petco. Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from the potential results or events discussed in the forward-looking statements, including, without limitation, those identified in this earnings release as well as the following: (i) increased competition (including from multi-channel retailers, mass and grocery retailers, and e-Commerce providers); (ii) reduced consumer demand for our products and/or services; (iii) our reliance on key vendors; (iv) our ability to attract and retain qualified employees; (v) risks arising from statutory, regulatory and/or legal developments; (vi) macroeconomic pressures in the markets in which we operate, including inflation, prevailing interest rates and the impact of tariffs; (vii) failure to effectively manage our costs; (viii) our reliance on our information technology systems; (ix) our ability to prevent or effectively respond to a data privacy or security breach; (x) our ability to effectively manage or integrate strategic ventures, alliances or acquisitions and realize the anticipated benefits of such transactions; (xi) economic or regulatory developments that might affect our ability to provide attractive promotional financing; (xii) business interruptions and other supply chain issues; (xiii) catastrophic events, political tensions, conflicts and wars (such as the ongoing conflicts in Ukraine and the Middle East ), health crises, and pandemics; (xiv) our ability to maintain positive brand perception and recognition; (xv) product safety and quality concerns; (xvi) changes to labor or employment laws or regulations; (xvii) our ability to effectively manage our real estate portfolio; (xviii) constraints in the capital markets or our vendor credit terms; (xix) changes in our credit ratings; (xx) impairments of the carrying value of our goodwill and other intangible assets; (xxi) our ability to successfully implement our operational adjustments, achieve the expected benefits of our cost action plans and drive improved profitability; and (xxii) the other risks, uncertainties and other factors identified under "Risk Factors" and elsewhere in Petco's Securities and Exchange Commission filings. The occurrence of any such factors could significantly alter the results set forth in these statements. Petco cautions that the foregoing list of risks, uncertainties and other factors is not complete, and forward-looking statements speak only as of the date they are made. Petco undertakes no duty to update publicly any such forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority. PETCO HEALTH AND WELLNESS COMPANY, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited and subject to reclassification) 13 Weeks Ended 26 Weeks Ended August 2, August 3, August 2, August 3, Net sales: Products Services and other Total net sales Cost of sales: Products Services and other Total cost of sales Gross profit Selling, general and administrative expenses Operating income (loss) Interest income Interest expense Other non-operating loss — — — Income (loss) before income taxes and income from equity method investees Income tax expense (benefit) Income from equity method investees Net income (loss) attributable to Class A and B-1 common stockholders Net income (loss) per Class A and B-1 common share: Basic Diluted Weighted average shares used in computing net income (loss) per Class A and B-1 common share: Basic Diluted PETCO HEALTH AND WELLNESS COMPANY, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except per share amounts) (Unaudited and subject to reclassification) August 2, February 1, ASSETS Current assets: Cash and cash equivalents Receivables, less allowance for credit losses Merchandise inventories, net Prepaid expenses Other current assets Total current assets Fixed assets Less accumulated depreciation Fixed assets, net Operating lease right-of-use assets Goodwill Trade name Other long-term assets Total assets $ 5,153,282 $ 5,194,430 LIABILITIES AND EQUITY Current liabilities: Accounts payable and book overdrafts Accrued salaries and employee benefits Accrued expenses and other liabilities Current portion of operating lease liabilities Current portion of long-term debt and other lease liabilities Total current liabilities Senior secured credit facilities, net, excluding current portion Operating lease liabilities, excluding current portion Deferred taxes, net Other long-term liabilities Total liabilities Commitments and contingencies Stockholders' equity: Class A common stock Class B-1 common stock Class B-2 common stock — — Preferred stock — — Additional paid-in-capital Accumulated deficit Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders' equity $ 5,153,282 $ 5,194,430 ¹ Allowances for credit losses are $725 and $1,594, respectively ² Class A common stock, $0.001 par value: Authorized - 1.0 billion shares; Issued and outstanding - 242.1 million and 239.1 million shares, respectively ³ Class B-1 common stock, $0.001 par value: Authorized - 75.0 million shares; Issued and outstanding - 37.8 million shares ⁴ Class B-2 common stock, $0.000001 par value: Authorized - 75.0 million shares; Issued and outstanding - 37.8 million shares ⁵ Preferred stock, $0.001 par value: Authorized - 25.0 million shares; Issued and outstanding - none PETCO HEALTH AND WELLNESS COMPANY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited and subject to reclassification) 26 Weeks Ended August 2, August 3, Cash flows from operating activities: Net income (loss) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization Amortization of debt discounts and issuance costs Provision for deferred taxes Equity-based compensation Impairments, write-offs and losses on sale of fixed and other assets Income from equity method investees Amounts reclassified out of accumulated other comprehensive loss Non-cash operating lease costs
  Content Reference URL	None

• Publisher

  Publisher Name	The Shoals News (#4334)
  Publisher URL	https://www.theshoalsnews.com
  Description	None
  Trust Flow Score	24
  Citation Flow Score	29

• Data Source

  Data Source Name	Quantexa News (#5)
  Data Source Type	news
  Data Source URL	https://app.aylien.com/dashboard
  Description	Welcome to Quantexa News API — the most powerful way to aggregate, filter, and integrate global news data into your apps and models.
  Weight	10