Petco Health & Wellness (WOOF) came out with a quarterly loss of $0.02 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this pet store chain would post a loss of $0.06 per share when it actually produced a loss of $0.04, delivering a surprise of 33.33%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Petco, which belong ...

| --- | --- | |--------------------------------------|-------| | | | | September 10, 2024 EARNINGS CALL | | SAFE HARBOR AND NON-GAAP MEASURES This Presentation 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 ...

Petco Health and Wellness Company, Inc. WOOF reported second-quarter financial results after Tuesday's closing bell. Here's a look at the details from the report. The Details: Petco reported quarterly losses of nine cents per share, which missed the analyst consensus estimate of losses of two cents per share. Quarterly sales of $1.52 billion met the analyst consensus estimate and represented a 1.99% increase over the same period last year. The company will host a conference call at 5 p.m. ET to discuss the ...

Financial Performance - Petco reported net revenue of $1.52 billion for Q2 2024, a decrease of 0.5% year over year [1][2] - Comparable sales increased by 0.3% year over year and 3.5% on a two-year basis [1] - The GAAP net loss for Q2 2024 was $24.8 million, or $(0.09) per share, compared to a net loss of $14.6 million, or $(0.05) per share in the prior year [1][2] - Adjusted EBITDA for the quarter was $83.5 million, down from $112.6 million in the prior year [1][2] Business Segments - The consumables business grew by 1.5% year over year, while services and other business increased by 3.1% [2] - The supplies and companion animal business saw a decline of 4.7% compared to the previous year [2] Cash Flow and Capital Expenditures - Operating cash flow for Q2 2024 was $69.4 million, down from $96.6 million in the prior year [1] - Free cash flow was reported at $42.0 million, compared to $44.6 million in the previous year [1] Future Outlook - For Q3 2024, Petco expects net revenue to be approximately $1.5 billion and Adjusted EBITDA to be between $76 million and $80 million [4] - The company anticipates an Adjusted EPS of $(0.03) to $(0.04) for Q3 2024 [4] - Full-year capital expenditures are expected to remain around $140 million [4] Management Commentary - The CEO expressed optimism about improving retail fundamentals and profitability, highlighting opportunities for enhanced performance and shareholder value [3]

Company Overview - Petco Health and Wellness Company, Inc. is a health and wellness company focused on improving the lives of pets and their owners, operating over 1,500 pet care centers across the U.S., Mexico, and Puerto Rico [3] - The company offers a comprehensive ecosystem of pet wellness products, services, and solutions, including grooming, training, and veterinary services [3] - Petco Love, an independent nonprofit organization, collaborates with local animal welfare groups and has facilitated the adoption of nearly 7 million animals through in-store events [3] Upcoming Earnings Release - Petco will release its second quarter 2024 earnings results on September 10, 2024, at approximately 4:00 p.m. Eastern [1] - A conference call to discuss the financial and operating performance will follow at approximately 5:00 p.m. Eastern [1] - The earnings release and presentation will be available on the company's Investor Relations page, with a replay of the webcast accessible for two weeks after the call [2]

SOURCE Petco - Investor Relations The inducement awards consist of (i) 1,492,538 restricted stock units, (ii) 1,492,538 target performance stock units, (iii) non-qualified stock options to purchase 1,366,121 shares of Petco's Class A common stock with an exercise price of $5.00, and (iv) non-qualified stock options to purchase 1,381,216 shares of Petco's Class A common stock with an exercise price of $7.50. The restricted stock units and stock options will vest as to 34% on the first anniversary of July 29, ...

stephen_wisnefski published on TradingView.com, Jul 18, 2024 13:00 UTC-4 Petco announced the hiring of Joel Anderson as CEO late Wednesday afternoon, a move analysts called a "key step in the company's revitalization." Anderson will join from discount retailer Five Below, shares of which fell on the news. Petco shares moved higher Thursday. Petco (WOOF) shares rose Thursday after the pet retailer named Joel Anderson its new chief executive officer. The announcement landed hours after discount retailer Five ...

At Petco, Anderson will succeed R. Michael Mohan, who will transition from his role as interim CEO to chair a new board committee and work with Anderson to ensure a smooth transition, Petco said in a Wednesday (July 17) press release. Anderson has a 30-year track record as a retail leader and public company CEO, according to the release. Before joining Five Below, Anderson served for three years as the president and CEO of Walmart.com and for four years as a divisional senior vice president at Walmart store ...

Company Leadership Change - Joel D. Anderson has been appointed as the new Chief Executive Officer (CEO) of Petco, effective July 29, 2024, and will also serve on the Board of Directors [1][2] - R. Michael Mohan will transition from interim CEO to chair a new Board committee focused on value creation initiatives [2][3] Leadership Background - Joel D. Anderson brings over 30 years of retail experience, having previously served as CEO of Five Below, where he expanded the company from 366 to over 1,500 stores and increased revenue from $500 million to over $3.5 billion [3][4] - Anderson has also held significant roles at Walmart, including President and CEO of Walmart.com, overseeing a multi-billion dollar business unit, and Senior Vice President of the Northern Plains division, managing over 100,000 associates and more than $25 billion in annual sales [4] Company Overview - Petco, founded in 1965, focuses on pet health and wellness, operating over 1,500 pet care centers across the U.S., Mexico, and Puerto Rico, offering a range of products and services [5] - The company aims to improve the lives of pets and their owners while supporting local animal welfare groups through initiatives like in-store adoption events, having helped find homes for nearly 7 million animals [5]

Investors can contact the law firm at no cost to learn more about recovering their losses On May 28, 2024, Petco issued a press release announcing significant changes to its management team, citing "the Company's ongoing efforts to simplify decision making, focus on fewer and clearer priorities, and empower the organization to move with greater speed and agility." Among other changes, Petco announced the departure of Chief Operating Officer ("COO") Justin Tichy and the elimination of the COO role, along wit ...