Appoints James Roth as Chief Stores Officer Appoints Shari White as Interim Chief Merchant SAN DIEGO, May 28, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), today announced the evolution of the Executive Leadership Team as a part of 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. "Today's changes to our leadership team will accelerate Petco's initiatives to dri ...

Key Points Petco Health and Wellness Co. Inc. NASDAQ: WOOF is a leading national pet supply and health store. The company sells pet products, from food to suppliers to toys and accessories, catering to pets, from fish, reptiles, birds, hamsters, cats, and dogs. While carrying the major well-known brands, Petco also sells many private-label products. The company also provides veterinary care, grooming, boarding, training and even pet insurance. Petco competes in the retail/warehouse sector with online pet pr ...

With sales continuing to slide, Petco is launching a three-pronged strategy to engage pet parents. The pet care and pet supply retailer released earnings Wednesday (May 22) showing net revenue of $1.5 billion, a 1.7% decline since the same quarter in 2023. While Petco's consumables business rose 0.1% and its services/other business climbed 4.2%, this growth was offset by a 6.8 drop in the company's supplies and companion animal business. This follows the retailer's fourth-quarter and full-year earnings repo ...

This week in Cheap Seats: Stocks Under $20 segment, we're taking a look at two stocks that are soaring higher today: Petco Health & Wellness Company (NASDAQ:WOOF) and Bloom Energy Corp (NYSE:BE). At last glance, WOOF was up 25.7% at $3.07, following the company's better-than-expected first-quarter results. Extending last week's 50% rise, today's pop has the equity breaking into positive territory for 2024. The shares are now running into pressure at the 200-day moving average, however. Though today's cataly ...

Sales at the company's Services and Other division increased 4% to $249.4 million. They were boosted by a 10% jump in Services and Vet care revenue, driven by "ongoing strength in our vet hospitals, mobile clinics and grooming services." Key Takeaways Shares of Petco Health + Wellness Company (WOOF) skyrocketed in intraday trading Wednesday after the pet supplies and veterinary care provider posted better-than-anticipated results and revenue guidance on higher sales of services. Petco's first-quarter adjust ...

Pet retailers' stocks have struggled since the pandemic boom as a spike in pet adoption during the lockdown period has given way to an extended period of slow growth, and Petco has been unable to escape those headwinds. However, the shares have apparently fallen far enough that investors are reacting positively to the business still shrinking. In the first quarter, revenue fell 1.7% to $1.53 billion, but that topped analysts' consensus estimate of $1.51 billion. Petco's business continues to shrink, but it ...

| --- | --- | |----------------|-------| | | | | May 22, 2024 | | 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 and underlying assumptions and other statements that are other than stateme ...

Benjamin Thiele-Long - Chief ESG and Chief Communications Officer Mike Mohan - Interim CEO Brian LaRose - CFO Operator Good morning, and thank you for joining Petco's first quarter 2024 earnings conference call. In addition to the earnings release, there is a presentation available to download on our website at ir.petco.com summarizing our results. On the call with me today are Mike Mohan, Petco's Interim Chief Executive Officer, and Brian LaRose, Petco's Chief Financial Officer. Good morning, everyone, and ...

Petco Health & Wellness (WOOF) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this pet store chain would post earnings of $0.02 per share when it actually produced earnings of $0.02, delivering no surprise. Over the last four quarters, the com ...

Contacts: Investor Relations Media Relations investorrelations@petco.com Benjamin Thiele-Long benjamin.thiele-long@petco.com FOR IMMEDIATE RELEASE: May 22, 2024 Petco Health + Wellness Company, Inc. Reports First Quarter 2024 Earnings Results Q1 2024 Overview San Diego, May 22, 2024 – Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, today announced its first quarter 2024 financial results. In the first quarter of 2024, Petco delivered net revenue of $1.5 ...