Earnings ·
Petco Health & Wellness Company reported second quarter 2026 financial results for the period ended August 1, 2026
WOOFPetco Health & Wellness Company, Inc.
Petco Health & Wellness Company reported second quarter 2026 financial results for the period ended August 1, 2026. Net sales reached $1.5 billion, a 0.05% increase year-over-year, with comparable sales rising 0.6%. The company recorded net income of $38.7 million and adjusted EBITDA of $122.2 million, benefiting from a $6.8 million net gain related to IEEPA tariff refunds. Petco closed one store during the quarter, ending with 1,377 locations. Subsequent to the quarter, the company prepaid an additional $75 million in debt, bringing total prepayments to $170 million over the past nine months as it targets a 2x leverage ratio. The company reaffirmed its full-year 2026 net sales outlook of flat to up 1.5% and adjusted EBITDA guidance of $415 million to $430 million. Petco operates a chain of pet specialty retail stores in the United States, Mexico, and Chile.