Quarterly ResultJun 3, 2026, 04:13 PM
Petco Reports Q1 2026 Results: Net Sales $1.5B, Adjusted EBITDA $97.3M
AI Summary
Petco Health & Wellness Company, Inc. reported its first quarter 2026 financial results, showing a return to positive comparable sales growth. Net sales increased by 0.2% to $1.5 billion, and Adjusted EBITDA grew to $97.3 million. Despite an increase in operating income, the company reported a net loss of $15.1 million. Petco reaffirmed its full-year 2026 outlook and provided guidance for the second quarter. The company also announced a scheduled webcast call to discuss these results.
Key Highlights
- Petco reported Q1 2026 net sales of $1.5 billion, a 0.2% increase year-over-year.
- Comparable sales increased by 0.7% in Q1 2026.
- Gross profit rose to $574.4 million, with a gross margin of 38.4%.
- Operating income increased by 50.5% to $24.6 million.
- Net loss for Q1 2026 was $15.1 million, compared to a net loss of $11.7 million in Q1 2025.
- Adjusted EBITDA increased to $97.3 million from $89.4 million in the prior year.
- The company reaffirmed its full-year 2026 outlook for net sales and Adjusted EBITDA.
- Petco provided a Q2 2026 outlook with net sales expected to be up about 0.3% year-over-year and Adjusted EBITDA between $110 million and $112 million.
Price Impact
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