g petco Second Quarter 2025 Earnings Call Meaningfully increased profitability as efforts to strengthen retail fundamentals continue to take hold Focused on core tenets of economic model to expand gross margin, leverage SG&A and prioritize ROIC August 28, 2025 Safe Harbor and Non-GAAP Measures This Presentation cortains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1935 as sortained in Section 274 of the Secur as amended, and Section 21E of the Securities ...

Financial Performance - Q1 2025 adjusted EBITDA increased by $13.8 million to $89.4 million, exceeding expectations[6] - Net sales for Q1 2025 were $1.493 billion, a decrease of 2% year-over-year[18, 39] - The company reaffirmed its 2025 net sales and earnings outlook, including estimated tariff headwinds as of June 5th, 2025[8] - Net debt decreased by 2% year-over-year, from $1.50 billion to $1.46 billion[24] - Liquidity increased by 5% year-over-year, from $617 million to $648 million[24] Sales by Category - Consumables net sales decreased by 2% year-over-year[19, 39] - Supplies and Companion Animal net sales decreased by 4% year-over-year[19, 39] - Services and Other net sales continued to deliver positive growth, increasing by 1% year-over-year[19, 39] Guidance - Q2 2025 net sales are expected to be down low single digits year-over-year[26] - Q2 2025 adjusted EBITDA is projected to be between $92 million and $94 million[26] - Full year 2025 adjusted EBITDA is expected to be between $375 million and $390 million[26]