Petco Health & Wellness Company, Inc. (WOOF) Form 8-K — Jun 3, 2026
Petco Health & Wellness (WOOF) reported Q1 2026 results that exceeded its previously provided outlook, marking a return to positive comparable sales growth of 0.7% and a 50.5% increase in operating income to $24.6 million. The company cited early validation of its Phase 3 'Reach for the Sky' strategy, driven by improvements in its consumables business and continued outperformance in its differentiated services segment. Despite the operational improvements, Petco reported a GAAP net loss of $15.1 million, widening from $11.7 million in the prior year, largely due to a $11.8 million loss on the extinguishment and modification of debt.
Key figures
- Revenue
- 1496732000
- Guidance
- FY 2026 Net Sales flat to up 1.5%; Adjusted EBITDA $415M-$430M. Q2 2026 Net Sales up ~0.3%; Adjusted EBITDA $110M-$112M.
- Total Debt
- 1482148000
- Cash Position
- 166804000
- Net debt
- 1315344000
- Store count
- 1378
- Gross margin
- 38.4%
- Gross profit
- 574425000
- Adjusted ebitda
- 97331000
- Operating income
- 24626000
- Operating margin
- 1.6%
- Net store closures q1
- 4
- Comparable sales growth
- 0.7%
Price after filing
Close on the filing date to close N calendar days later (from $2.91). Historical, not a forecast.
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