Petco Health and Wellness (WOOF) Tops Q1 EPS by 1c, Offers Guidance

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Go back to Petco Health and Wellness (WOOF) Tops Q1 EPS by 1c, Offers Guidance

Petco Health + Wellness Company, Inc. Reports First Quarter Earnings and Reaffirms Full Year 2023 Guidance

May 24, 2023 7:00 AM EDT

Q1 2023 Highlights

Comparable sales grew 5.1 percent year-over-year and 10.2 percent on a two-year basis, resulting in the 18th consecutive quarter of comparable sales growth Net revenue of $1.56 billion increased 5.4 percent year-over-yearNet loss of $1.9 million, or $(0.01) per diluted share compared to net income of $24.7 million, or $0.09 per diluted share in the prior year Adjusted EBITDA1 of $111.0 million compared to $119.2 million in the prior year, a decrease of 6.9 percent... More