Petco Health and Wellness Company, Inc. operates as a retailer of premium pet consumables, supplies, and companion animals and services. The company also offers grooming, in-store and online training, tele-veterinarian, and pet health insurance services, as well as veterinary services through Vetco clinics. It also offers pet consumables, supplies, and services through its petco.com, petcoach.co, petinsurancequotes.com, and pupbox.com websites. As of May 24, 2021, the company operated 1,453 pet care centers and 137 full service veterinary hospitals within pet care centers in the United States and Puerto Rico; and 100 pet care centers in Mexico. The company was founded in 1965 and is headquartered in San Diego, California.
IPO Year: 2021
Exchange: NASDAQ
Website: petco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/19/2024 | $3.00 → $4.00 | Neutral | Citigroup |
| 4/2/2024 | $5.00 → $1.50 | Buy → Underperform | BofA Securities |
| 12/19/2023 | $3.11 | Hold | Jefferies |
| 11/30/2023 | $8.00 → $3.00 | Outperform → Neutral | Robert W. Baird |
| 11/29/2023 | Overweight → Equal Weight | Wells Fargo | |
| 9/29/2023 | Peer Perform | Wolfe Research | |
| 8/25/2023 | $10.00 → $7.00 | Outperform | RBC Capital Mkts |
| 4/28/2023 | $10.00 | Hold | Gordon Haskett |
| 3/13/2023 | $11.00 | Buy → Neutral | Citigroup |
| 10/19/2022 | $15.00 → $12.00 | Outperform → In-line | Evercore ISI |
SC 13G/A - Petco Health & Wellness Company, Inc. (0001826470) (Subject)
SC 13G/A - Petco Health & Wellness Company, Inc. (0001826470) (Subject)
SC 13G - Petco Health & Wellness Company, Inc. (0001826470) (Subject)
SC 13G - Petco Health & Wellness Company, Inc. (0001826470) (Subject)
Citigroup reiterated coverage of Petco Health and Wellness with a rating of Neutral and set a new price target of $4.00 from $3.00 previously
BofA Securities downgraded Petco Health and Wellness from Buy to Underperform and set a new price target of $1.50 from $5.00 previously
Jefferies initiated coverage of Petco Health and Wellness with a rating of Hold and set a new price target of $3.11
Robert W. Baird downgraded Petco Health and Wellness from Outperform to Neutral and set a new price target of $3.00 from $8.00 previously
Wells Fargo downgraded Petco Health and Wellness from Overweight to Equal Weight
Wolfe Research initiated coverage of Petco Health and Wellness with a rating of Peer Perform
RBC Capital Mkts reiterated coverage of Petco Health and Wellness with a rating of Outperform and set a new price target of $7.00 from $10.00 previously
Gordon Haskett initiated coverage of Petco Health and Wellness with a rating of Hold and set a new price target of $10.00
Citigroup downgraded Petco Health and Wellness from Buy to Neutral and set a new price target of $11.00
Evercore ISI downgraded Petco Health and Wellness from Outperform to In-line and set a new price target of $12.00 from $15.00 previously
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
10-K - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
8-K - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
S-8 - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
8-K/A - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
8-K - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
8-K - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
10-Q - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
8-K - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
10-Q - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
8-K - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
Today Uber Technologies, Inc. (NYSE:UBER) and Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) announced a new partnership that brings Petco's wide selection of pet essentials to the Uber Eats platform, making it easier than ever for pet parents to get what they need, when they need it. With all Petco locations in the contiguous United States now available on Uber Eats, customers can shop for on-demand or scheduled delivery of pet food, toys, treats, and other essentials—all at the tap of a button. Starting today, pet parents can browse and purchase Petco's curated assortment of high-quality products directly through the Uber Eats app, with convenient delivery options that fit their b
Expects Double-Digit Adjusted EBITDA Growth in 2025* SAN DIEGO, March 26, 2025 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) today announced its fourth quarter and full year 2024 financial results. Q4 2024 Overview Net revenue of $1.6 billion decreased 7.3% year over year inclusive of the negative impact from the loss of the 53rd week in 2023Comparable sales increased 0.5% year over yearGross profit of $589.3 million decreased 2.8% year over year compared to $606.3 million last yearGAAP net loss of $13.8 million compared to GAAP net loss of $22.6 millio
SAN DIEGO, March 6, 2025 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) today announced that it has granted inducement equity awards on March 4, 2025 (the "Grant Date") to its newly-hired Chief Customer and Product Officer, Michael Romanko, as a material inducement to the employment of Mr. Romanko. The inducement awards consist of (i) 1,321,139 restricted stock units, (ii) 323,835 target performance stock units, and (iii) non-qualified stock options to purchase 393,082 shares of Petco's Class A common stock, with an exercise price of $2.46. The restricted stock units and stock options will vest as to 34% on the first anniversary of the Grant Date and 16.5% at the end o
SAN DIEGO, Feb. 20, 2025 /PRNewswire/ -- On March 26, 2025, at approximately 4:00 p.m. Eastern, Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), a complete partner in pet health and wellness, will release its fourth quarter 2024 earnings results and full-year fiscal 2025 outlook. Additionally, Petco executives will host a conference call at approximately 4:30 p.m. Eastern to review the company's financial and operating performance. The call will be webcast live and the earnings release and earnings presentation will be available on the company's Investor Relations page a
Sabrina Simmons Appointed Chief Financial Officer Michael Romanko Appointed Chief Customer and Product Officer Jack Stout Appointed Chief Merchandising Officer SAN DIEGO, Feb. 18, 2025 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), today announced the appointment of three new leaders to Petco's executive team to support accelerated operational improvement and position the business for a faster return to profitable growth. Sabrina Simmons, former Chief Financial Officer at Gap, Inc., has been named Chief Financial Officer, effective February 17.Michael
Q3 2024 Overview Net revenue of $1.51 billion increased 1.2 percent year over year and comparable sales increased 1.8 percent year over yearGross profit of $575.8 million increased 4.7 percent year over year, compared to $550.0 million in the prior yearGAAP net loss of $16.7 million, or $(0.06) per share, compared to GAAP net loss of $1.2 billion, or $(4.63) per share in the prior year that included a $1.2 billion non-cash goodwill impairment charge Adjusted Net Income1 of $(6.5) million, or $(0.02) per share1, compared to Adjusted Net Income1 of $(14.5) million, or $(0.05) per share1 in the prior yearAdjusted EBITDA1 of $81.2 million compared to $72.2 million in the prior yearSAN DIEGO, Dec
SAN DIEGO, Nov. 13, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) today announced Joe Venezia will join the company as Chief Revenue Officer, effective Nov. 17, reporting to Joel Anderson, Chief Executive Officer. In this newly created role, Venezia will be responsible for driving revenue and developing integrated strategies to improve the customer experience. Joe will oversee critical areas that contribute to Petco's growth, including pet care centers, pet and veterinary services, real estate and customer success capabilities. "Joe is a proven sal
Q2 2024 Overview Net revenue of $1.52 billion decreased 0.5 percent year over year Comparable sales increased 0.3 percent year over year and increased 3.5 percent on a two-year basis GAAP net loss of $24.8 million, or $(0.09) per share, compared to GAAP net loss of $14.6 million, or $(0.05) per share in the prior yearAdjusted EBITDA1 of $83.5 million compared to $112.6 million in the prior yearOperating Cash Flow of $69.4 million compared to $96.6 million in the prior yearFree Cash Flow 1 of $42.0 million compared to $44.6 million in the prior yearSAN DIEGO, Sept. 10, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), a complete partner in pet health and wellness, to
SAN DIEGO, Aug. 1, 2024 /PRNewswire/ -- On September 10, 2024, at approximately 4:00 p.m. Eastern, Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, will release its second quarter 2024 earnings results. Additionally, Petco executives will host a conference call at approximately 5:00 p.m. Eastern to review the company's financial and operating performance. The call will be webcast live and the earnings release and earnings presentation will be available on the company's Investor Relations page at ir.petco.com. A replay of th
SAN DIEGO, July 30, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) today announced that it has granted inducement equity awards on July 29, 2024 to its newly-hired Chief Executive Officer, Joel D. Anderson, as a material inducement to the employment of Mr. Anderson. The inducement awards consist of (i) 1,492,538 restricted stock units, (ii) 1,492,538 target performance stock units, (iii) non-qualified stock options to purchase 1,366,121 shares of Petco's Class A common stock with an exercise price of $5.00, and (iv) non-qualified stock options to pu
Expects Double-Digit Adjusted EBITDA Growth in 2025* SAN DIEGO, March 26, 2025 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) today announced its fourth quarter and full year 2024 financial results. Q4 2024 Overview Net revenue of $1.6 billion decreased 7.3% year over year inclusive of the negative impact from the loss of the 53rd week in 2023Comparable sales increased 0.5% year over yearGross profit of $589.3 million decreased 2.8% year over year compared to $606.3 million last yearGAAP net loss of $13.8 million compared to GAAP net loss of $22.6 millio
SAN DIEGO, Feb. 20, 2025 /PRNewswire/ -- On March 26, 2025, at approximately 4:00 p.m. Eastern, Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), a complete partner in pet health and wellness, will release its fourth quarter 2024 earnings results and full-year fiscal 2025 outlook. Additionally, Petco executives will host a conference call at approximately 4:30 p.m. Eastern to review the company's financial and operating performance. The call will be webcast live and the earnings release and earnings presentation will be available on the company's Investor Relations page a
Q3 2024 Overview Net revenue of $1.51 billion increased 1.2 percent year over year and comparable sales increased 1.8 percent year over yearGross profit of $575.8 million increased 4.7 percent year over year, compared to $550.0 million in the prior yearGAAP net loss of $16.7 million, or $(0.06) per share, compared to GAAP net loss of $1.2 billion, or $(4.63) per share in the prior year that included a $1.2 billion non-cash goodwill impairment charge Adjusted Net Income1 of $(6.5) million, or $(0.02) per share1, compared to Adjusted Net Income1 of $(14.5) million, or $(0.05) per share1 in the prior yearAdjusted EBITDA1 of $81.2 million compared to $72.2 million in the prior yearSAN DIEGO, Dec
Q2 2024 Overview Net revenue of $1.52 billion decreased 0.5 percent year over year Comparable sales increased 0.3 percent year over year and increased 3.5 percent on a two-year basis GAAP net loss of $24.8 million, or $(0.09) per share, compared to GAAP net loss of $14.6 million, or $(0.05) per share in the prior yearAdjusted EBITDA1 of $83.5 million compared to $112.6 million in the prior yearOperating Cash Flow of $69.4 million compared to $96.6 million in the prior yearFree Cash Flow 1 of $42.0 million compared to $44.6 million in the prior yearSAN DIEGO, Sept. 10, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), a complete partner in pet health and wellness, to
SAN DIEGO, Aug. 1, 2024 /PRNewswire/ -- On September 10, 2024, at approximately 4:00 p.m. Eastern, Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, will release its second quarter 2024 earnings results. Additionally, Petco executives will host a conference call at approximately 5:00 p.m. Eastern to review the company's financial and operating performance. The call will be webcast live and the earnings release and earnings presentation will be available on the company's Investor Relations page at ir.petco.com. A replay of th
Q1 2024 Overview Net revenue of $1.5 billion decreased 1.7 percent year over year Comparable sales declined 1.2 percent year over year and increased 4.1 percent on a two-year basis GAAP net loss of $46.5 million, or $(0.17) per share, compared to GAAP net loss of $1.9 million, or $(0.01) per share in the prior yearAdjusted Net Income1 of $(11.8) million, or $(0.04) per share, compared to $14.9 million, or $0.06 per share in the prior yearAdjusted EBITDA1 of $75.6 million compared to $111.0 million in the prior yearOperating Cash Flow of $(8.4) million compared to $37.7 million in the prior yearFree Cash Flow 1 of $(41.1) million compared to $(24.4) million in the prior yearSAN DIEGO, May 22,
SAN DIEGO, May 1, 2024 /PRNewswire/ -- On May 22, 2024, at approximately 7:00 a.m. Eastern, Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), a complete partner in pet health and wellness, will release its first quarter 2024 earnings results. Additionally, Petco executives will host a conference call at approximately 8:00 a.m. Eastern to review the company's financial and operating performance. The call will be webcast live and the earnings release and earnings presentation will be available on the company's Investor Relations page at ir.petco.com. A replay of the webcast
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 million, or $0.20 per share in the prior yearAdjusted EBITDA1 of $105.3 million compared to $157.9 million in the prior yearOperating Cash Flow of $47.0 million compared to $136.5 million in the prior yearFree Cash Flow1 of $(2.0) million compared to $70.6 million in the prior yea
SAN DIEGO, Feb. 1, 2024 /PRNewswire/ -- On March 13, 2024, at approximately 7:00 a.m. Eastern, Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), a complete partner in pet health and wellness, will release its fourth quarter 2023 earnings results. Additionally, Petco executives will host a conference call at approximately 8:00 a.m. Eastern to review the company's financial and operating performance. The call will be webcast live and the earnings release, earnings presentation, and infographic will be available on the company's Investor Relations page at ir.petco.com. A rep
Q3 2023 Operating Results Comparable sales flat year-over-year and increased 4.1 percent on a two-year basis Net revenue of $1.49 billion decreased 0.5 percent year-over-yearGAAP net loss of $1.2 billion, or $(4.63) per share, reflecting a $1.2 billion non-cash goodwill impairment charge associated with goodwill originally recorded in 2015, compared to GAAP net income of $19.9 million, or $0.07 per share in the prior year Adjusted Net Income1 decreased $44.5 million to $(14.5) million Adjusted EBITDA1 of $72.2 million compared to $120.2 million in the prior yearAdjusted Earnings Per Share1 of $(0.05), compared to $0.11 per share in the prior yearOperating Cash Flow of $34.4 million compared
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
Sabrina Simmons Appointed Chief Financial Officer Michael Romanko Appointed Chief Customer and Product Officer Jack Stout Appointed Chief Merchandising Officer SAN DIEGO, Feb. 18, 2025 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), today announced the appointment of three new leaders to Petco's executive team to support accelerated operational improvement and position the business for a faster return to profitable growth. Sabrina Simmons, former Chief Financial Officer at Gap, Inc., has been named Chief Financial Officer, effective February 17.Michael
SAN DIEGO, Nov. 13, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) today announced Joe Venezia will join the company as Chief Revenue Officer, effective Nov. 17, reporting to Joel Anderson, Chief Executive Officer. In this newly created role, Venezia will be responsible for driving revenue and developing integrated strategies to improve the customer experience. Joe will oversee critical areas that contribute to Petco's growth, including pet care centers, pet and veterinary services, real estate and customer success capabilities. "Joe is a proven sal
30-Year Retail Industry Veteran Named Chief Executive Officer and Member of the Board of Directors R. Michael Mohan to Lead a New Board Committee Focused on Value Creation SAN DIEGO, July 17, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) today announced that the Company's Board of Directors has appointed Joel D. Anderson to serve as Chief Executive Officer (CEO), effective July 29, 2024. In addition, Anderson has been elected to serve on the Company's Board of Directors. "Joel is an inspirational leader and a highly experienced retail CEO," said Gl
Appoints James Roth as Chief Stores OfficerAppoints 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 drive retail excellence as we execute on our operational reset," said Interi
Murphy to support leadership team's initiatives to improve profitability and drive long-term growth SAN DIEGO, May 14, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), today announced the appointment of Glenn Murphy as Executive Chairman of the Board of Directors, effective immediately. As Executive Chairman, Murphy will support the Petco leadership team's focus on improving profitability while implementing strategic actions to drive long-term growth. He will play a lead role in the Board of Directors' ongoing search for a permanent Chief Executive O
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. (NASDAQ:WOOF) today announced the Company's Board of Directors has appointed R. Michael (Mike) Mohan to serve as Interim Chief Executive Officer, effective today. Ron Coughlin has stepped down as Petco's Chief Executive Officer, Chairman, and member of the Board of Directors. He will serve as an advisor to the Board to support the leadership transition. The Board is conducting a comprehensive search for a permanen
PHOENIX, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (NASDAQ:SFM) today announced that Nicholas Konat has been appointed as president and chief operating officer of the company, effective March 21, 2022. Konat has most recently served as chief merchandising officer at Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), a leading brand in the U.S. pet care industry and will oversee the company's operations, marketing, merchandising, and innovation functions and report to Jack Sinclair, chief executive officer. "I am absolutely thrilled to welcome Nick to the Sprouts executive leadership team," said Sinclair. "Nick's deep-rooted merchandising and product innovation exp
SAN DIEGO, Feb. 11, 2022 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) today announced Amy College has been named Chief Merchandising Officer, effective Feb. 13, 2022. In this role, College will be responsible for developing and driving Petco's global merchandising strategy across all categories, visual merchandising and merchandising operations. She will also serve on Petco's Executive Committee. College, who joined Petco in September 2019 as Senior Vice President, Operations & Strategy and Territory General Manager, has played an integral role in Petc
SAN DIEGO, Aug. 19, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), a complete partner in pet health and wellness, today announced Brian LaRose has been appointed as Chief Financial Officer of the company, effective Aug. 19, 2021. LaRose will succeed Mike Nuzzo, who will continue in his role as Chief Operating Officer and President, Petco Services. "Brian is a seasoned leader and I'm thrilled he's taking on this role," said Ron Coughlin, Petco Chairman and CEO. "Brian is a seasoned leader and I'm thrilled he's taking on this role," said Ron Coughlin
SAN DIEGO, July 22, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), a complete partner in pet health and wellness, today announced the following voting results from its 2021 Annual Meeting of Stockholders, held virtually on July 21, 2021: Director nominees Ronald Coughlin Jr., Maximilian Biagosch, Cameron Breitner and Sabrina Simmons were each elected to Petco's board of directors for a three-year term; Stockholders approved, on a non-binding, advisory basis, the 2020 compensation of the company's named executive officers; Stockholders approved, on