Petco Health & Wellness Company, Inc. Stock Price, News & Analysis

Petco (Nasdaq: WOOF) priced a $600,000,000 offering of senior secured notes due February 1, 2031, carrying an 8.250% annual interest rate. Closing is expected on February 2, 2026 and remains subject to customary closing conditions.

Net proceeds, together with a new term loan and cash, will repay Petco's existing term loan, pay related fees and expenses, and fund general corporate purposes. The notes will be guaranteed by subsidiaries and secured: first-lien on fixed assets and second-lien on current assets, with specified subordination and priority among other secured and unsecured indebtedness. The notes will be offered only to qualified institutional buyers or non-U.S. persons under applicable exemptions.

Petco (Nasdaq: WOOF) announced an offering of $650,000,000 aggregate principal amount of new senior secured notes on January 21, 2026. Completion is subject to pricing and customary closing conditions. Net proceeds, together with borrowings under a new term loan and cash on hand, are intended to repay Petco's existing term loan facility, pay related fees and expenses, and fund general corporate purposes.

The notes will be guaranteed by the subsidiaries that guarantee Petco's credit facilities and secured first-lien on fixed assets and second-lien on current assets. The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers (Rule 144A) and non-U.S. persons (Reg S).

Petco (Nasdaq: WOOF) announced on Jan 12, 2026 a debt refinancing initiative to extend maturities and reaffirmed its Q4 and full fiscal year 2025 outlook ending Jan 31, 2026. The company intends to refinance $1.5 billion of term loan outstanding, subject to market conditions, and disclosed a $50 million voluntary prepayment completed in Dec 2025 with up to $100 million board-authorized prepayments possible. Petco reaffirmed FY 2025 Net Sales guidance of down 2.5%–2.8% and Adjusted EBITDA of $395M–$397M, and Q4 2025 Net Sales down low-single-digits with Adjusted EBITDA of $93M–$95M. The company said completion of refinancing is not assured.

Petco (Nasdaq: WOOF) reported third quarter 2025 results and raised its fiscal 2025 earnings outlook on Nov 25, 2025. Q3 net sales were $1.5 billion, down 3.1% YoY, with comparable sales down 2.2% YoY. Gross profit margin expanded ~75 bps to 38.9%. Operating income improved $25.2M to $29.2M, GAAP net income improved $26.0M to $9.3M, and Adjusted EBITDA rose $17.3M to $98.6M.

Full-year 2025 outlook: net sales down 2.5%–2.8%, Adjusted EBITDA $395M–$397M, net interest ~$125M, capex $125M–$130M, depreciation ~$200M, and ~20 net store closures. Q4 Adjusted EBITDA is expected at $93M–$95M.

Petco (Nasdaq: WOOF) said it will release third quarter fiscal 2025 results after market close on Tuesday, Nov. 25, 2025. The company will host a conference call at 4:30 p.m. Eastern the same day to discuss results.

A live webcast will be available on the company's Investor Relations page and a replay will be posted approximately two hours after the call.

Petco (NASDAQ: WOOF) reported Q2 2025 financial results with mixed performance. The company generated net sales of $1.5 billion, representing a 2.3% year-over-year decrease, while comparable sales declined 1.4%. Despite lower sales, Petco showed improved profitability with gross profit margin expanding 120 basis points to 39.3%.

Operating income improved significantly by $40.6 million to $43.0 million, and GAAP net income increased by $38.8 million to $14.0 million. Adjusted EBITDA rose by $30.3 million to $113.9 million. Based on these results, Petco maintained its full-year net sales outlook while raising its earnings guidance, projecting Adjusted EBITDA between $385-395 million for fiscal 2025.

Petco (NASDAQ:WOOF) has announced its participation in the upcoming 32nd Annual Goldman Sachs Global Retailing Conference. The presentation is scheduled for Thursday, September 4, 2025, at 1:50 p.m. Eastern Time.

Investors can access the presentation through a live webcast on Petco's Investor Relations website. A replay will be made available approximately two hours after the conference call through the same link at ir.petco.com.

Petco (NASDAQ: WOOF) has scheduled its second quarter fiscal 2025 earnings conference call for August 28, 2025 at 4:30 p.m. Eastern time, following the release of financial results after market close. The company will provide a live webcast of the conference call through its Investor Relations page, with a replay available approximately two hours after the event.

Petco (WOOF) reported Q1 2025 financial results with net sales of $1.5 billion, down 2.3% year-over-year, and comparable sales decreasing 1.3%. Despite sales decline, the company showed improved profitability with gross margin expanding 30 basis points to 38.2% and operating income improving by $33.1 million to $16.4 million. GAAP net loss improved by $34.8 million to $11.7 million, while Adjusted EBITDA increased by $13.8 million to $89.4 million. The company reaffirmed its full-year 2025 outlook, expecting net sales to decline in low single digits and Adjusted EBITDA between $375-390 million. For Q2 2025, Petco forecasts low single-digit sales decline and Adjusted EBITDA of $92-94 million.