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 |
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8-K - Petco Health & Wellness Company, Inc. (0001826470) (Filer)
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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
SAN DIEGO, July 12, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ:WOOF), a complete partner in pet health and wellness, today announced that its Board of Directors has appointed R. Michael (Mike) Mohan as Lead Independent Director. Mohan joined Petco's Board of Directors in March 2021 and will continue to serve on its Audit Committee. Mohan is a seasoned retail leader and most recently served as the President and Chief Operating Officer of Best Buy Co., Inc. As President and COO, he was responsible for the operations of Best Buy's U.S. and International
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
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
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,
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
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
Nearly one in five American households adopted a pet during the pandemic, according to the ASPCA. Today, 60% of pet parents say they would rather spend more time with their pets than anyone else, according to a recent Petco survey; and nearly 70% are prioritizing their pets' health and preventative care as they do for themselves. SAN DIEGO, March 20, 2024 /PRNewswire/ -- Four years since the onset of COVID-19, puppies and kittens adopted during the pandemic are now entering adulthood and pets adopted as adults are approaching their senior years. As a partner in complete pet care, Petco Health and Wellness Company Inc. (NASDAQ:WOOF) is sharing veterinarian-recommended tips for supporting pet
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4 - Petco Health & Wellness Company, Inc. (0001826470) (Issuer)
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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)
Citigroup analyst Steven Zaccone maintains Petco Health and Wellness (NASDAQ:WOOF) with a Neutral and raises the price target from $3 to $4.
Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Petco Health and Wellness (NASDAQ:WOOF) in the last three months. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 3 1 0 0 3M Ago 0 0 1 0 0 Analysts have recently evaluated Petco Health and Wellness and provided 12-month price targets. The average target is $3.71, accompanied by a high estimate of $5.00 and a low estimate of $
Wedbush analyst Seth Basham maintains Petco Health and Wellness (NASDAQ:WOOF) with a Outperform and raises the price target from $4 to $5.
In addition, Anderson has been elected to serve on the Company's Board of Directors. Michael Mohan will transition from his current role as interim Chief Executive Officer on July 29, 2024 to chair a new Board committee focused on Petco's ongoing value creation initiatives, working with Anderson to ensure a smooth leadership transition and continued execution towards the company's objectives.
Investor Ryan Cohen founded Chewy Inc (NYSE:CHWY) back in 2011 as a play on the growing trend of pet supplies and pet health products. New data suggests Cohen may have been early to the trend, with spending on pet supplies and pet insurance seeing a large increase. What Happened: Serving as CEO of Chewy from 2011 to 2018, Cohen put an emphasis on the wide variety of pet products offered to consumers online and providing strong customer service. Cohen sold Chewy to PetSmart in 2017 for $3.35 billion in the largest e-commerce acquisition at the time. The investor may have been early to seeing trends in the pet sector, as a recent Similarweb report shows the pet supply category growing
Petco Health and Wellness's (NYSE:WOOF) short percent of float has risen 3.57% since its last report. The company recently reported that it has 17.47 million shares sold short, which is 20.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.83 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. S
NVDATSLACHWYAIAAPLWAYMUNKEWOOFAMZNData from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
Petco Health and Wellness Company, Inc. (NASDAQ:WOOFHTTPS, NASDAQ:WOOF) shares are trading higher on Friday following a social media post by Keith Gill, known as Roaring Kitty, who posted a picture of a dog on X (formerly Twitter). What’s Happening: The social media post by Roaring Kitty, famous for his role in the GameStop short squeeze of 2021, has caused a surge in interest in pet-related stocks. Gill’s influence in the stock market is significant, given his past success in identifying and promoting stocks with potential for substantial gains. What Else: Additionally, Petco recently also released its 2023 Environmental, Social and Governance (ESG) report, highlighting key initiativ
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
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
Q2 2023 Operating Results Comparable sales grew 3.2 percent year-over-year and 7.0 percent on a two-year basis, resulting in the 19th consecutive quarter of comparable sales growthNet revenue of $1.53 billion increased 3.4 percent year-over-yearNet loss of $14.6 million, or $(0.05) per share compared to net income of $13.5 million, or $0.05 per share in the prior yearAdjusted Net Income1 decreased $27.2 million to $16.3 millionAdjusted EBITDA1 of $112.6 million compared to $133.5 million in the prior yearAdjusted Earnings Per Share1 of $0.06, compared to $0.16 per share in the prior yearOperating Cash Flow of $96.6 million compared to $42.6 million in the prior yearFree Cash Flow1 of $44.6 m
SAN DIEGO, July 18, 2023 /PRNewswire/ -- On August 24, 2023, 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 second quarter 2023 earnings results. Additionally, Petco executives will host a conference call at 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 replay of the w
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 year-over-yearAdjusted Earnings Per Share1 of $0.06, compared to $0.14 per share in the prior year, a decrease of $0.08 year-over-yearThe Company reaffirms its full year 2023 guidanceSAN DIEGO, May 24, 2023 /PRNe