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Posted by
Two Blokes Jun 5 -
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Reaffirms Fiscal 2025 Net Sales and Earnings Outlook* SAN DIEGO , June 5, 2025 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced its first quarter 2025 financial results. Q1 2025 Overview Net sales of $1.5 billion decreased 2.3% year over year in line with the company's first quarter outlook Comparable sales decreased 1.3% year over year Gross profit margin expanded approximately 30 basis points to 38.2% as a percentage of net sales Operating Income improved $33.1 million to $16.4 million GAAP net loss improved $34.8 million to $11.7 million Adjusted EBITDA1 increased $13.8 million to $89.4 million "We are pleased to deliver first quarter earnings results ahead of our guidance and to reaffirm our outlook for fiscal 2025 which now incorporates the impact of tariffs.
