Petco Q1 Revenue Beats Estimates, Comparable Sales Turn Positive, Annual Outlook Reaffirmed
WOOF sits 18% above its 52-week low of $2.24 on elevated volume (2.2× avg).
Summary
Petco reported Q1 revenue of $1.50 billion, slightly exceeding analyst estimates of $1.49 billion. Crucially, comparable sales returned to positive growth, increasing 0.7% year-over-year. The company reaffirmed its full-year 2026 net sales outlook of flat to up 1.5% and adjusted EBITDA guidance of $415 million to $430 million. This follows an 8-K filed earlier today detailing these Q1 results. The return to positive comparable sales and maintained guidance are key indicators for the company's performance.
At the time of this announcement, WOOF was trading at $2.65 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $870.8M. The 52-week trading range was $2.24 to $4.51. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.