Petco Reports First Quarter 2026 Results
Petco reported Q1 2026 net sales of $1.50 billion, up 0.2% year-over-year, with comparable sales returning to positive territory at 0.7% growth. Profitability metrics improved significantly, with operating income rising 50.5% to $24.6 million and adjusted EBITDA reaching $97.3 million, beating prior outlooks.
Key figures
- Revenue
- 1496732000
- Guidance
- FY26 Net Sales flat to up 1.5% YoY; FY26 Adj EBITDA $415M-$430M; Q2 Net Sales up ~0.3% YoY; Q2 Adj EBITDA $110M-$112M
- Revenue Yoy
- 0.2%
- Net debt
- 1315344000
- Total debt
- 1482148000
- Store count
- 1378
- Gross margin
- 38.4%
- Gross profit
- 574425000
- Adjusted ebitda
- 97331000
- Operating income
- 24626000
- Operating margin
- 1.6%
- Cash and equivalents
- 166804000
- Adjusted ebitda margin
- 6.5%
- Comparable sales growth
- 0.7%
AI analysis
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