Welcome to our dedicated page for Petco Health & Wellness Company news (Ticker: WOOF), a resource for investors and traders seeking the latest updates and insights on Petco Health & Wellness Company stock.
News and updates for Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) focus on its role as a pet health and wellness company and on its financial and strategic developments. Petco regularly issues press releases announcing quarterly and annual financial results, including net sales trends, gross profit, operating income, GAAP net income or loss and Adjusted EBITDA. These releases often include management commentary on transformation efforts, retail operating fundamentals and the company’s outlook for upcoming quarters and fiscal years.
Investors following WOOF news will see detailed discussions of Petco’s net sales from products and from services and other revenue, as well as updates on gross margin performance and cost structure. The company provides guidance ranges for net sales and Adjusted EBITDA, along with assumptions related to economic conditions, tariffs and other factors. Petco also uses news releases to announce earnings conference calls and webcasts, where management discusses results and strategy with the investment community.
Beyond earnings, Petco’s news flow includes announcements about financing and capital structure actions, such as the launch of a debt refinancing transaction to extend term loan maturities and voluntary prepayments under board authorizations. The company has also highlighted partnerships that expand its digital and delivery capabilities, including a collaboration that makes a curated assortment of Petco pet products available for on-demand and scheduled delivery through a third-party platform in the contiguous United States.
Petco’s news also reinforces its brand positioning as a category-defining health and wellness company for pets, with references to its network of more than 1,500 pet care centers, its digital ecosystem and its work with Petco Love to support animal welfare and pet adoptions. For investors and observers, the WOOF news page offers a centralized view of the company’s financial performance, strategic initiatives, partnerships and investor relations events.
Petco Health and Wellness Company (NASDAQ: WOOF) announced the expansion of its nutrition offerings, introducing WholeHearted Plus, True Meals™ Dog Food, and new veterinary diet solutions. WholeHearted Plus provides affordable, high-quality dog food, combining protein with grains and vegetables. True Meals™ features minimally processed, nutrient-dense recipes. The veterinary diets address issues like obesity and allergies, promoting optimal health. This initiative supports Petco's Whole Health philosophy, enhancing its commitment to high nutrition standards and pet wellness.
Petco Health and Wellness Company (NASDAQ: WOOF) will present virtually at the Evercore ISI Consumer & Retail Summit on June 15, 2021, at 9:30 A.M. ET. The presentation and audio webcast will be accessible via the company’s investor relations page. A replay will be available until June 29, 2021. Petco, established in 1965, operates over 1,500 locations in the U.S., Mexico, and Puerto Rico, along with 137 veterinary hospitals. The company is committed to enhancing pet health and wellness and has aided in finding homes for over 6.5 million animals.
Petco Health and Wellness Company (NASDAQ: WOOF) will present virtually at the Baird 2021 Global Consumer, Technology & Services Conference on June 10, 2021, at 8:30 A.M. ET. The live audio webcast can be accessed on Petco's investor relations page, with a replay available until June 24, 2021. Founded in 1965, Petco focuses on improving pet health and wellness through products and services, operating over 1,500 locations and 137 veterinary hospitals across the U.S., Mexico, and Puerto Rico. The company also supports animal welfare initiatives through Petco Love.
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Petco Health and Wellness Company (NASDAQ: WOOF) has announced the pricing of a secondary offering, led by its principal stockholder, Scooby Aggregator, LP. The offering comprises 22,000,000 shares of Class A common stock, priced at $24.00 per share. The Selling Stockholder may sell an additional 3,300,000 shares if the underwriters exercise their option. Petco will not receive any proceeds from this offering. Goldman Sachs and BofA Securities are the joint lead book runners for the transaction.
Petco Health and Wellness Company (NASDAQ: WOOF) announced that its principal stockholder, Scooby Aggregator, LP, plans to sell 22 million shares of Class A common stock in a secondary offering, with an additional 3.3 million shares available to underwriters. Petco will not receive any proceeds from this transaction. Goldman Sachs & Co. and BofA Securities are leading the offering. The registration statement for the shares has been filed but is not yet effective, meaning shares cannot be sold until it becomes valid.
Petco Health and Wellness Company (NASDAQ: WOOF) has announced an expansion of its same-day delivery service for fresh pet food, now available in most U.S. markets. This service includes popular brands like JustFoodForDogs, Freshpet, and Instinct. The initiative follows a successful pilot and aims to meet the growing demand for high-quality pet food. Customers can receive deliveries with no fee on purchases over $35. Petco’s delivery service fulfills 83% of its digital orders through approximately 1,453 pet care centers, enhancing convenience for pet parents.
Petco Health and Wellness Company (NASDAQ: WOOF) reported a strong first quarter for 2021, with a 27% increase in net revenue to $1.4 billion and 28% comparable sales growth. The company achieved a net income of $7.6 million, up $38.7 million year-over-year, reflecting ongoing financial stability. Adjusted EBITDA rose 45% to $125.7 million. Notably, Petco reduced its total debt by 52% to $1.7 billion, enhancing financial health. The company raised its fiscal 2021 guidance, anticipating revenue between $5.475 billion and $5.575 billion.
Petco Health and Wellness Company (NASDAQ: WOOF) has launched the Together Strong campaign to promote pet cancer awareness. In partnership with PetDx, Petco will introduce OncoK9, a multi-cancer early detection test for dogs available at select vet hospitals from May 26, 2021. The test, a liquid biopsy, allows veterinarians to detect various cancers through a blood draw. Petco aims to raise awareness about cancer in pets and support early detection. The campaign offers coupons for free wellness exams and collaborates with celebrity Jamie Chung to encourage sharing personal cancer stories.
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