Quarterly ResultJun 5, 2026, 05:21 PM
Petco Reports Q1 Net Loss of $15.1M on $1.5B Sales
AI Summary
Petco Health & Wellness Company, Inc. filed its quarterly report on Form 10-Q for the period ending May 2, 2026. The company reported a net loss of $15.1 million, an increase from the prior year's loss of $11.6 million. Total net sales saw a slight increase to $1,496.7 million. The filing also detailed changes in assets, liabilities, and cash position, with cash and cash equivalents decreasing significantly.
Key Highlights
- Petco reported total net sales of $1,496.7 million for the thirteen weeks ended May 2, 2026, a slight increase from $1,493.4 million in the prior year period.
- The company incurred a net loss of $15.1 million for the thirteen weeks ended May 2, 2026, compared to a net loss of $11.6 million in the same period last year.
- Basic and diluted net loss per share was $0.05 for the thirteen weeks ended May 2, 2026, versus $0.04 in the prior year period.
- As of May 2, 2026, cash and cash equivalents decreased to $166.8 million from $256.7 million as of January 31, 2026.
- Total assets decreased to $5,084.6 million as of May 2, 2026, from $5,173.4 million as of January 31, 2026.
- Total liabilities decreased to $3,929.3 million as of May 2, 2026, from $4,009.2 million as of January 31, 2026.
- Total stockholders' equity was $1,155.3 million as of May 2, 2026, down from $1,164.3 million as of January 31, 2026.
Price Impact
More from WOOF