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Petco Health and Wellness Company, Inc.

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Petco Health and Wellness Company, Inc. • NASDAQ
$3.20 ▼ -5.88% (-0.20)
Market Cap $898.85 M
52w High $6.29
52w Low $2.28
Dividend Yield 0%
P/E -320
Volume 2.66M
Outstanding Shares 280.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.464B ▼ $539.819M ▼ $9.33M ▼ 0.637% ▼ $0.03 ▼ $29.196M ▼
Q2-2025 $1.489B ▼ $542.297M ▼ $13.972M ▲ 0.939% ▲ $0.05 ▲ $93.215M ▲
Q1-2025 $1.493B ▼ $553.609M ▼ $-11.661M ▲ -0.781% ▲ $-0.042 ▲ $67.083M ▼
Q4-2024 $1.552B ▲ $571.872M ▲ $-13.837M ▲ -0.891% ▲ $-0.05 ▲ $68.09M ▲
Q3-2024 $1.511B $571.78M $-16.673M -1.103% $-0.06 $63.897M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $237.413M ▲ $5.205B ▲ $4.048B ▲ $1.158B ▲
Q2-2025 $188.748M ▲ $5.153B ▲ $4.014B ▲ $1.139B ▲
Q1-2025 $133.343M ▼ $5.121B ▼ $4.014B ▼ $1.107B ▼
Q4-2024 $165.756M ▲ $5.194B ▼ $4.081B ▼ $1.114B ▼
Q3-2024 $116.675M $5.211B $4.089B $1.123B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $13.972M ▲ $85.892M ▲ $-30.958M ▼ $-3.946M ▼ $50.988M ▲ $53.788M ▲
Q1-2025 $-11.661M ▲ $-15.454M ▼ $-27.133M ▲ $-334K ▲ $-42.921M ▼ $-43.866M ▼
Q4-2024 $-13.837M ▲ $95.993M ▲ $-34.397M ▼ $-952K ▲ $60.644M ▲ $59.044M ▲
Q3-2024 $-16.673M ▲ $20.724M ▼ $-31.441M ▼ $-1.908M ▼ $-12.625M ▼ $-10.288M ▼
Q2-2024 $-24.823M $69.37M $-26.322M $-266K $42.782M $41.982M

Revenue by Products

Product Q2-2024Q3-2024Q1-2025Q2-2025
Consumables
Consumables
 $740.00M ▲$750.00M ▲$750.00M ▲$730.00M ▼
Services And Other
Services And Other
 $260.00M ▲$250.00M ▼$250.00M ▲$260.00M ▲
Supplies And Companion Animals
Supplies And Companion Animals
 $520.00M ▲$510.00M ▼$490.00M ▼$500.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Petco’s sales have grown compared with a few years ago but have basically leveled off more recently, suggesting the top line is stable rather than strongly expanding. Profitability is the main issue: the company has swung from modest profits to losses, with operating results hovering around break-even. This points to pressure from costs, competition, and the mix of products versus services. The business is not shrinking, but it is struggling to turn its scale into consistent earnings, which raises questions about pricing power and operating efficiency.

Balance Sheet

Balance Sheet The balance sheet shows a business with a sizable asset base but relatively thin equity and a meaningful amount of debt. Cash on hand is modest, so Petco does not appear to have a large financial cushion. Over the past few years, equity has declined from earlier levels, reflecting the recent losses and reducing the buffer that protects lenders and shareholders. Overall, financial leverage is a clear risk factor: the company has room to operate, but not a lot of margin for prolonged weak performance.

Cash Flow

Cash Flow Operating cash flow has been positive each year, which is a key strength, but it has not been especially strong relative to the size of the business. Free cash flow has been slim and sometimes close to zero after funding store investments, technology, and veterinary build-outs. Recent cuts in capital spending suggest a shift toward preserving cash and being more selective about growth projects. In short, the business is generating cash, but not in a way that leaves a lot of excess after reinvestment, which can limit flexibility.

Competitive Edge

Competitive Edge Petco’s main competitive edge is its “whole health” ecosystem: retail stores combined with grooming, training, and especially in-store veterinary hospitals, all tied together with a loyalty program and digital tools. This one-stop model is harder for pure online players to copy and can deepen customer relationships, particularly through services that tend to be stickier and higher margin. Its large physical footprint and same-day delivery capability give it good reach, but they also come with higher fixed costs than asset-light rivals. Competition from online specialists and big-box retailers remains intense, so Petco’s ability to grow services and differentiate on wellness and experience is central to defending its position.

Innovation and R&D

Innovation and R&D Petco is investing heavily in technology, data, and service expansion rather than traditional lab-style R&D. Personalized recommendations, app-based tools like the food finder and care reminders, and planned upgrades to the loyalty program are all aimed at increasing engagement and spending per customer. The build-out of in-store veterinary hospitals, new store concepts in smaller markets, and a more automated supply chain are strategic bets to raise margins and create a moat around its ecosystem. The challenge is execution: these initiatives require upfront spending and operational complexity at a time when profits are already thin, so the payoff depends on disciplined rollout and strong customer adoption.

Summary

Petco is in the middle of a strategic transition from being mainly a pet retailer to being a broader health-and-wellness platform for pets, anchored by services and digital engagement. The strategy has clear logic and could deepen loyalty, but it has not yet translated into strong or steady profits, and financial leverage adds pressure to deliver. Cash generation is adequate but not abundant, which constrains how aggressively the company can invest while absorbing short-term hits to earnings. Going forward, the key things to watch are whether service revenues and membership programs scale as intended, whether cost efficiencies show up in margins, and whether the company can strengthen its balance sheet while executing this pivot.

NEWS

November 25, 2025 · 4:05 PM UTC

Petco Reports Third Quarter 2025 Financial Results

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November 11, 2025 · 4:05 PM UTC

Petco to Host Third Quarter 2025 Earnings Conference Call on Nov. 25, 2025

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September 24, 2025 · 2:10 PM UTC

Kuehn Law Encourages Investors of Petco Health and Wellness Company, Inc. to Contact Law Firm

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September 2, 2025 · 2:17 PM UTC

Johnson Fistel Begins Investigation on Behalf of Petco Health and Wellness Company, Inc. Long-Term Shareholders

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September 2, 2025 · 8:45 AM UTC

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of August 29, 2025 in Petco Health and Wellness Company, Inc. Lawsuit - WOOF

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