US EditionPetco: Fiscal Q1 Earnings Snapshot
- Petco Health and Wellness reported its fiscal first-quarter 2025 earnings on June 5, showing declines in sales and stock price after market close.
- The results reflected reduced US pet store spending down about 4% year-over-year and tariff impacts increasing costs from 5% to 7% of merchandise value.
- Petco posted a 1.3% same-store sales decline, net sales fell 2.3% to $1.5 billion, and adjusted EBITDA rose despite revenue missing estimates.
- CEO Joel Anderson highlighted that the strong results reflect the effective efforts of the company’s close to 30,000 employees, while gross margin increased to 38.2%.
- Petco reaffirmed full-year 2025 guidance for low single-digit sales declines, adjusted EBITDA of $375-$390 million, and 20-30 net store closures amid ongoing strategic resets.
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Total News Sources38
Leaning Left3Leaning Right1Center18Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
14%
C 82%
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