Petco Margin Grows Despite Sales Drop

Petco Health and Wellness (WOOF -25.14%) reported first quarter 2025 earnings on June 5, with net sales declining 2.3% year over year and comparable sales down 1.3%, while gross margin expanded 30 basis points year over year to 38.2%. Adjusted EBITDA rose $13.8 million for the quarter to$89.4 million (6% of sales), demonstrating material profitability improvement despite continued top-line headwinds and active cost management initiatives.Petco Managed Margin Expansion Despite Sales DeclineStore count total ...