Petco: Fiscal Q1 Earnings Snapshot

SAN DIEGO (AP) — SAN DIEGO (AP) — Petco Health & Wellness Co. (WOOF) on Wednesday reported a loss of $46.5 million in its fiscal first quarter.

On a per-share basis, the San Diego-based company said it had a loss of 17 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 4 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The pet store chain posted revenue of $1.53 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.5 billion.

For the current quarter ending in July, Petco expects its per-share loss to be 2 cents.

The company said it expects revenue in the range of $1.53 billion for the fiscal second quarter.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on WOOF at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up