Petco Health (WOOF) stock surges on Q4 results, CEO transition

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Petco Health + Wellness Company, Inc. Reports Fourth Quarter and Full Year 2023 Earnings

March 13, 2024 7:02 AM EDT

Q4 2023 Highlights

Net revenue of $1.7 billion increased 6.1 percent year over year including the 14th week Comparable sales declined 0.9 percent year over year and increased 4.4 percent on a two-year basis GAAP net loss of $22.6 million, or $(0.08) per share, compared to GAAP net income of $32.7 million, or $0.12 per share in the prior yearAdjusted Net Income1 of $6.1 million, or $0.02 per share, compared to $52.8... More

Petco Announces CEO Transition

March 13, 2024 7:00 AM EDT

R. Michael Mohan, Previously Lead Independent Director, Appointed Interim CEO

 Ron Coughlin stepped down as CEO, Chairman and member of the Board of Directors

Search Underway to Identify Permanent CEO

SAN DIEGO, March 13, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc.... More