Petco Health and Wellness (WOOF)
Market Price (6/23/2026): $2.5 | Market Cap: $709.2 MilSector: Consumer Discretionary | Industry: Other Specialty Retail
Petco Health and Wellness (WOOF)
Market Price (6/23/2026): $2.5Market Cap: $709.2 MilSector: Consumer DiscretionaryIndustry: Other Specialty Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 23% Megatrend and thematic driversMegatrends include Health & Wellness Trends, and E-commerce & Digital Retail. Themes include Organic & Natural Products, Nutritional Supplements, Show more. | Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -142% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.32 | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 371% Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 127x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.8% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% Key risksWOOF key risks include [1] a highly leveraged balance sheet that limits financial flexibility, Show more. |
| Attractive yieldFCF Yield is 23% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, and E-commerce & Digital Retail. Themes include Organic & Natural Products, Nutritional Supplements, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -142% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.32 |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 371% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 127x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.8% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% |
| Key risksWOOF key risks include [1] a highly leveraged balance sheet that limits financial flexibility, Show more. |
Qualitative Assessment
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Petco Health and Wellness (WOOF) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. Mixed Fiscal Q4 2025 and Fiscal Q1 2026 Financial Results Presented a Balanced Outlook.
Petco reported a mixed financial performance across both fiscal Q4 2025 and fiscal Q1 2026 that likely contributed to the stock remaining largely level. For fiscal Q4 2025, which ended January 31, 2026, Petco missed EPS estimates, reporting -$0.01 against a consensus of $0.02. However, net sales of $1.52 billion slightly surpassed estimates. Critically, adjusted EBITDA increased 10.6% to $106.3 million, exceeding the company's outlook. Similarly, fiscal Q1 2026, which ended May 4, 2026, saw net sales increase a modest 0.2% to $1.5 billion and comparable sales grow 0.7%, indicating positive momentum. However, the net loss widened to $15.1 million from $11.7 million in the prior year's first quarter. This combination of some positive operational improvements alongside continued net losses created a balanced sentiment, preventing significant upward or downward movement.
2. Successful Debt Refinancing and Ongoing Debt Reduction Provided Financial Stability.
A significant positive factor was Petco's successful long-term debt refinancing completed on February 2, 2026, extending maturities to 2031 and improving financial flexibility. This move addressed liquidity concerns and was followed by a reduction in total debt to $1.482 billion in fiscal Q1 2026, down from $1.593 billion in the prior year. While a positive for long-term stability, this strategic financial maneuvering might have been viewed as foundational rather than a catalyst for immediate stock appreciation, particularly as the company focuses on reducing its leverage ratio to 2x.
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Petco Health and Wellness (WOOF) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. Mixed Fiscal Q4 2025 and Fiscal Q1 2026 Financial Results Presented a Balanced Outlook.
Petco reported a mixed financial performance across both fiscal Q4 2025 and fiscal Q1 2026 that likely contributed to the stock remaining largely level. For fiscal Q4 2025, which ended January 31, 2026, Petco missed EPS estimates, reporting -$0.01 against a consensus of $0.02. However, net sales of $1.52 billion slightly surpassed estimates. Critically, adjusted EBITDA increased 10.6% to $106.3 million, exceeding the company's outlook. Similarly, fiscal Q1 2026, which ended May 4, 2026, saw net sales increase a modest 0.2% to $1.5 billion and comparable sales grow 0.7%, indicating positive momentum. However, the net loss widened to $15.1 million from $11.7 million in the prior year's first quarter. This combination of some positive operational improvements alongside continued net losses created a balanced sentiment, preventing significant upward or downward movement.
2. Successful Debt Refinancing and Ongoing Debt Reduction Provided Financial Stability.
A significant positive factor was Petco's successful long-term debt refinancing completed on February 2, 2026, extending maturities to 2031 and improving financial flexibility. This move addressed liquidity concerns and was followed by a reduction in total debt to $1.482 billion in fiscal Q1 2026, down from $1.593 billion in the prior year. While a positive for long-term stability, this strategic financial maneuvering might have been viewed as foundational rather than a catalyst for immediate stock appreciation, particularly as the company focuses on reducing its leverage ratio to 2x.
3. "Reach for the Sky" Strategy Showed Early Validation but With Cautious Fiscal 2026 Guidance.
The return to positive comparable sales growth of 0.7% in fiscal Q1 2026 was highlighted by management as an early validation of their "Reach for the Sky" strategy, particularly in consumables and services. Despite this operational improvement, the company reaffirmed its full-year fiscal 2026 outlook for net sales to be flat to up 1.5% and adjusted EBITDA between $415 million and $430 million. While the adjusted EBITDA guidance was above analyst expectations, the overall modest sales growth forecast suggests a cautious approach to the pace of the turnaround, limiting investor enthusiasm for a significant rally.
4. Analyst Consensus Remained "Hold" Despite Implied Upside.
Throughout the period, analyst sentiment generally remained neutral. As of June 4, 2026, the consensus rating from 13 covering analysts was a "Hold," with 8 "Hold" ratings, 2 "Buys," and 3 "Sells." Although the average 12-month price target increased to $3.56, implying approximately 17% potential upside from the June 3rd closing price, this "Hold" consensus likely contributed to the stock's steady performance. Institutional investors, owning approximately 95% of the stock, have been accumulating shares, but this has not translated into aggressive upward movement, suggesting a wait-and-see approach as the company executes its turnaround strategy.
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Stock Movement Drivers
Fundamental Drivers
The -2.4% change in WOOF stock from 2/28/2026 to 6/22/2026 was primarily driven by a -1.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.55 | 2.49 | -2.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,998 | 5,965 | -0.6% |
| P/S Multiple | 0.1 | 0.1 | -0.6% |
| Shares Outstanding (Mil) | 280 | 284 | -1.2% |
| Cumulative Contribution | -2.4% |
Market Drivers
2/28/2026 to 6/22/2026| Return | Correlation | |
|---|---|---|
| WOOF | -2.4% | |
| Market (SPY) | 8.8% | 0.2% |
| Sector (XLY) | -1.4% | 3.0% |
Fundamental Drivers
The -22.2% change in WOOF stock from 11/30/2025 to 6/22/2026 was primarily driven by a -19.8% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.20 | 2.49 | -22.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,045 | 5,965 | -1.3% |
| P/S Multiple | 0.1 | 0.1 | -19.8% |
| Shares Outstanding (Mil) | 279 | 284 | -1.6% |
| Cumulative Contribution | -22.2% |
Market Drivers
11/30/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| WOOF | -22.2% | |
| Market (SPY) | 9.5% | 9.2% |
| Sector (XLY) | -2.4% | 10.6% |
Fundamental Drivers
The -32.2% change in WOOF stock from 5/31/2025 to 6/22/2026 was primarily driven by a -28.6% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.67 | 2.49 | -32.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,116 | 5,965 | -2.5% |
| P/S Multiple | 0.2 | 0.1 | -28.6% |
| Shares Outstanding (Mil) | 276 | 284 | -2.6% |
| Cumulative Contribution | -32.2% |
Market Drivers
5/31/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| WOOF | -32.2% | |
| Market (SPY) | 27.7% | 13.1% |
| Sector (XLY) | 8.4% | 16.7% |
Fundamental Drivers
The -67.4% change in WOOF stock from 5/31/2023 to 6/22/2026 was primarily driven by a -93.8% change in the company's Net Income Margin (%).| (LTM values as of) | 5312023 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.64 | 2.49 | -67.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,036 | 5,965 | -1.2% |
| Net Income Margin (%) | 1.5% | 0.1% | -93.8% |
| P/E Multiple | 22.4 | 126.6 | 465.7% |
| Shares Outstanding (Mil) | 266 | 284 | -6.3% |
| Cumulative Contribution | -67.4% |
Market Drivers
5/31/2023 to 6/22/2026| Return | Correlation | |
|---|---|---|
| WOOF | -67.4% | |
| Market (SPY) | 85.1% | 23.7% |
| Sector (XLY) | 55.4% | 25.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WOOF Return | -33% | -52% | -67% | 21% | -26% | -7% | -91% |
| Peers Return | 6% | -43% | 12% | 30% | -24% | -19% | -46% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| WOOF Win Rate | 42% | 25% | 33% | 25% | 42% | 50% | |
| Peers Win Rate | 55% | 37% | 52% | 45% | 35% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| WOOF Max Drawdown | - | -60% | -78% | -53% | -43% | -32% | |
| Peers Max Drawdown | -38% | -54% | -42% | -31% | -41% | -38% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CHWY, FRPT, TRUP, CENT, ZTS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/22/2026 (YTD)
How Low Can It Go
| Event | WOOF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.5% | -18.8% |
| % Gain to Breakeven | 30.8% | 23.1% |
| Time to Breakeven | 14 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -31.0% | -7.8% |
| % Gain to Breakeven | 45.0% | 8.5% |
| Time to Breakeven | 30 days | 18 days |
In The Past
Petco Health and Wellness's stock fell -23.5% during the 2025 US Tariff Shock. Such a loss loss requires a 30.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | WOOF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.5% | -18.8% |
| % Gain to Breakeven | 30.8% | 23.1% |
| Time to Breakeven | 14 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -31.0% | -7.8% |
| % Gain to Breakeven | 45.0% | 8.5% |
| Time to Breakeven | 30 days | 18 days |
In The Past
Petco Health and Wellness's stock fell -23.5% during the 2025 US Tariff Shock. Such a loss loss requires a 30.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Petco Health and Wellness (WOOF)
Petco Health and Wellness Company, Inc. (WOOF) operates as a comprehensive health and wellness company focused on pets. Its business model integrates both retail sales and a broad spectrum of services designed to enhance the lives of pets and support pet parents. Petco aims to be a holistic resource for pet ownership, blending physical store presence with extensive digital platforms.
The company's main offerings span critical aspects of pet care. Petco provides essential services such as full veterinary care, accessible through approximately 200 in-store veterinary hospitals and Vetco mobile clinics. Beyond veterinary services, it offers grooming, training, and tele-health consultations, alongside specialized programs like Vital Care and pet health insurance. In terms of products, Petco supplies a wide array of pet consumables and supplies, available through its brick-and-mortar stores and various e-commerce websites, including petco.com.
Petco primarily serves pet parents across the United States, Mexico, and Puerto Rico. The company operates approximately 1,500 Petco locations, which provide convenient access to its diverse range of products and services. Complementing its physical footprint, Petco leverages its online presence through multiple websites, allowing it to reach a broad customer base seeking everything from routine pet necessities to specialized health and wellness solutions for their companions.
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Here are 1-3 brief analogies for Petco Health and Wellness (WOOF):
- Petco is like a CVS or Walgreens, but for pets, offering a wide range of retail products alongside integrated health and wellness services like vet care and grooming.
- Petco is like a PetSmart, but with a much deeper focus on integrated veterinary and wellness services, including hundreds of in-store vet hospitals.
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Petco Health and Wellness (WOOF) provides the following major products and services:
- Veterinary Services: Offers comprehensive animal healthcare, including in-store hospitals, mobile clinics (Vetco), and tele-health consultations.
- Grooming Services: Provides professional pet grooming to maintain pet hygiene and appearance.
- Pet Training Services: Offers various training programs to help pet parents and their pets develop good behaviors.
- Pet Health Insurance: Provides insurance plans to help cover the costs of veterinary care.
- Vital Care: A membership program offering discounted services and exclusive benefits.
- Pet Consumables: Sells a wide range of pet food, treats, and other essential consumable items.
- Pet Supplies: Offers various non-consumable items such as toys, accessories, habitats, and grooming tools.
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Petco Health and Wellness (symbol: WOOF) primarily sells directly to individuals, specifically pet parents.
The major categories of customers it serves include:
- General Pet Owners/Parents: These customers purchase a wide range of everyday pet products, including consumables (food, treats), supplies (toys, bedding, leashes), and utilize foundational services like grooming and training for their pets. They represent the core retail customer base engaging with Petco's extensive store network and online offerings.
- Health & Wellness-Focused Pet Parents: This category of customers prioritizes their pets' health and well-being. They seek out Petco's specialized services such as in-store veterinary hospitals, Vetco mobile clinics, tele-health consultations, pet health insurance, and wellness programs like Vital Care.
- Digitally Engaged & Convenience-Oriented Pet Parents: These customers leverage Petco's digital platforms (petco.com, petcoach.co, pupbox.com) for convenience. They are often interested in online shopping, subscriptions (like PupBox), home delivery, and digital access to pet advice and services.
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Joel D. Anderson
Chief Executive Officer
Joel D. Anderson joined Petco as Chief Executive Officer and a member of the company's Board of Directors in July 2024. He is a retail industry veteran with over three decades of experience, recognized for his operational and merchandising expertise, and his ability to foster strong teams. Prior to Petco, Anderson served as CEO of specialty retailer Five Below, Inc., where he led the company's U.S. expansion, increasing the number of stores from 361 to over 1,600 and growing revenue from $500 million to more than $3.5 billion. He also spearheaded the successful launch of Five Below's e-commerce business. Previously, he was President and CEO of Walmart.com from 2011 to 2014, where he laid the foundation for the retailer's entry into digital commerce. Before that, he served as Senior Vice President of Walmart's Northern Plains division stores.Sabrina Simmons
Chief Financial Officer
Sabrina Simmons was appointed Chief Financial Officer of Petco Health and Wellness effective February 17, 2025. She is a seasoned financial leader with more than 20 years of executive-level financial experience and had served as a member of Petco's Board of Directors and Audit Chair since 2021. Prior to joining Petco, Simmons spent nearly two decades at Gap, Inc., where she held multiple senior finance roles, including Executive Vice President and Chief Financial Officer from 2008 to 2017. During her tenure at Gap, Inc., she played a key role in the company's financial transformation, driving operational efficiency and shareholder value. Earlier in her career, she served as CFO and board member at Sygen International and held treasury leadership positions at Levi Strauss & Co.Glenn Murphy
Executive Chairman of the Board of Directors
Glenn Murphy has served as Petco's Executive Chairman since May 2024. He brings over 30 years of global retail experience with a track record of strategic and operational leadership across major retail brands. Murphy is the founder and Chief Executive Officer of FIS-Holdings Ltd., a consumer-focused investment firm. Before founding FIS Holdings, he served as Chairman and Chief Executive Officer of The Gap, Inc. from 2007 until 2014. Prior to that, he was the Chairman and Chief Executive Officer of Shoppers Drug Mart Corporation from 2001 to 2007, where he led the company's initial public offering on the TSX. He also served as Chairman of the board of directors of Lululemon Athletica, Inc. from April 2017 to August 2023.Michael Romanko
Chief Customer and Product Officer
Michael Romanko was appointed Chief Customer and Product Officer at Petco, effective February 24, 2025. He is a veteran retail executive with over 30 years of experience in merchandising, branding, and product development. Romanko previously served as Chief Merchandising and Marketing Officer at Five Below, Inc., where he was instrumental in the company's growth and expansion of its merchandising strategy and product innovation.Jack Stout
Chief Merchandising Officer
Jack Stout was named Chief Merchandising Officer at Petco, effective February 24, 2025. He has built an extensive career in merchandising, category management, and strategic retail leadership. Stout spent over two decades at 7-Eleven, where he held various leadership roles, including Executive Vice President and Chief Merchandising Officer. In this role, he oversaw category management, fresh food innovation, and product strategy for 7-Eleven.AI Analysis | Feedback
- Intense Competition and Shifting Consumer Preferences: Petco operates in a highly competitive pet retail market, facing significant challenges from both brick-and-mortar competitors like PetSmart and Pet Supplies Plus, and online retailers such as Chewy and Amazon. This competitive landscape, coupled with a continued shift towards omnichannel shopping and consumer price sensitivity, places pressure on Petco's market share and profitability. The company has experienced stagnant or declining revenue and comparable sales, indicating challenges in maintaining its market position against diverse rivals.
- Macroeconomic Pressures and Economic Sensitivity: The pet care industry, while generally resilient, is susceptible to broader economic fluctuations. Factors such as inflation, elevated interest rates, and potential economic downturns can lead to reduced consumer discretionary spending on higher-margin pet products and services, thereby negatively impacting Petco's sales and overall financial performance. The company's results are closely tied to these consumer spending patterns.
- High Debt Load and Financial Leverage: Petco carries a substantial amount of debt, which introduces significant financial risk. Although efforts have been made to improve its leverage ratio and refinance debt to extend maturities, the considerable debt load, along with potential liquidity constraints and exposure to variable interest rates, could limit the company's financial flexibility. This leverage may also constrain its ability to invest in growth initiatives or absorb unexpected economic shocks.
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The emergence and rapid growth of specialized direct-to-consumer (DTC) subscription services for pet products and services, particularly in high-value categories such as fresh pet food, personalized supplements, and tech-integrated wellness solutions, which often leverage superior convenience, direct delivery, and tailored experiences to bypass traditional retail channels and capture significant market share from pet parents.
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Petco Health and Wellness Company, Inc. (WOOF) operates within a substantial and growing pet care market. The company offers a diverse range of products and services, including veterinary care, grooming, training, pet health insurance, pet consumables, and pet supplies.
The total U.S. pet industry expenditures reached approximately $152 billion in 2024, and are projected to grow to $157 billion in 2025. This expansive market encompasses pet food and treats, toys, grooming supplies, medicine, and veterinary services.
Below are the addressable market sizes for Petco's main products and services, primarily focused on the U.S. market:
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Veterinary Care: The broader U.S. pet care and services market, which includes veterinary care, grooming, boarding, and daycare services, was valued at USD 11.21 billion in 2024 and is projected to reach USD 18.89 billion by 2033. Pet services, as a segment of the overall U.S. pet market, are forecast to expand at a compound annual growth rate (CAGR) of 16.5% through 2031.
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Grooming: The U.S. pet grooming services market was valued at USD 2.06 billion in 2024 and is projected to reach USD 2.99 billion by 2030.
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Training: Pet training services are a component of the wider pet services market. A specific standalone market size for pet training was not explicitly identified in the available data; however, it contributes to the overall pet care and services market mentioned above.
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Pet Health Insurance: The U.S. pet insurance market was valued at approximately USD 5.34 billion in 2024 and is projected to grow to USD 20.05 billion by 2032. Another estimate indicates the market was worth over $4 billion by the end of 2023.
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Pet Consumables (Food): Pet food constituted 38.7% of the United States pet market size in 2025. With the total U.S. pet market valued at USD 155.4 billion in 2025, this implies an addressable market of approximately $60.15 billion for pet food in the U.S.
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Pet Supplies: Pet supplies are included within the larger U.S. pet industry expenditures, which reached $152 billion in 2024. Historically, pet products (which include consumables and supplies) made up an estimated $61 billion of the total pet care market in 2020.
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Expected Drivers of Future Revenue Growth for Petco Health and Wellness (WOOF)
Petco Health and Wellness Company, Inc. (WOOF) anticipates several key drivers for future revenue growth over the next 2-3 years, stemming from its "Reach for the Sky" strategy. These initiatives aim to drive sustainable, profitable top-line growth after a period of operational improvements and financial stabilization.
- Expanded Product Offerings and Own Brand Growth: Petco plans to introduce compelling new products, including approximately 25 new brands and flavors, and increase the frequency of merchandise resets in its stores. This focus on product newness and innovation, alongside the expansion of Petco's own brands, is expected to attract and retain customers.
- Scaling Services: The company intends to significantly grow its higher-margin services, such as veterinary care through its wholly-owned vet hospitals and mobile clinics, as well as grooming and training services. This expansion of services at scale is considered a key competitive advantage and a driver of customer engagement.
- Enhanced Omnichannel and Digital Capabilities: Petco is focused on strengthening its integrated omnichannel model, which includes improved digital capabilities and membership offerings. This strategy aims to provide a seamless experience across its online platforms and physical stores, driving customer loyalty and expanding reach.
- Improved In-Store Experience: The company is committed to creating a trusted and engaging in-store experience. This involves leveraging passionate employees and focusing on initiatives that drive increased store traffic and larger basket sizes per customer visit.
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Capital Allocation Decisions (Last 3-5 Years) for Petco Health and Wellness (WOOF)
Share Repurchases
Petco's Board of Directors has authorized a share repurchase program, allowing the company to repurchase up to $400 million of its common shares. The timing and number of repurchases depend on various factors including price, capital availability, and market conditions, and the company is not obligated to purchase any shares. No specific dollar amount of shares repurchased within the last 3-5 years was readily available in the provided information.Share Issuance
Petco's Chief Financial Officer, Sabrina Simmons, reported tax-related share dispositions totaling 190,584 Class A common shares on March 4, 2026, to cover tax liabilities associated with vested restricted stock units. The number of outstanding shares for Petco has shown an increase, rising from 0.25 billion in 2020 to 0.28 billion in 2025. In fiscal year 2024, the company reported $2.5 million in proceeds from the issuance of common stock.Capital Expenditures
Petco anticipates capital expenditures of approximately $140 million for fiscal year 2026, which will primarily focus on facility enhancements and technology upgrades to drive growth and improve the customer experience. For fiscal year 2025, capital expenditures were approximately $124.6 million, a figure relatively consistent with fiscal year 2024. In fiscal year 2023, capital expenditures were higher at $207.4 million, with subsequent reductions in new pet care centers and hospitals contributing to the decrease in 2024.Latest Trefis Analyses
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 33.11 |
| Mkt Cap | 2.6 |
| Rev LTM | 4,564 |
| Op Inc LTM | 194 |
| FCF LTM | 222 |
| FCF 3Y Avg | 190 |
| CFO LTM | 313 |
| CFO 3Y Avg | 288 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.4% |
| Rev Chg 3Y Avg | 6.3% |
| Rev Chg Q | 8.2% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 94.1% |
| Op Inc Chg 3Y Avg | 148.9% |
| Op Mgn LTM | 7.7% |
| Op Mgn 3Y Avg | 4.5% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 8.2% |
| CFO/Rev 3Y Avg | 8.0% |
| FCF/Rev LTM | 4.8% |
| FCF/Rev 3Y Avg | 3.5% |
Price Behavior
| Market Price | $2.49 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 01/14/2021 | |
| Distance from 52W High | -42.9% | |
| 50 Days | 200 Days | |
| DMA Price | $2.79 | $3.00 |
| DMA Trend | down | down |
| Distance from DMA | -10.9% | -16.9% |
| 3M | 1YR | |
| Volatility | 47.2% | 76.3% |
| Downside Capture | 154.01 | 115.26 |
| Upside Capture | 34.70 | 77.28 |
| Correlation (SPY) | 30.6% | 14.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.83 | 1.62 | -0.07 | 0.58 | 0.94 | 1.35 |
| Up Beta | 1.56 | 1.32 | 0.96 | 0.86 | 1.20 | 1.08 |
| Down Beta | 6.25 | 3.90 | -1.72 | -0.41 | 0.93 | 1.25 |
| Up Capture | 100% | 100% | 39% | 64% | 48% | 184% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 12 | 21 | 28 | 54 | 115 | 329 |
| Down Capture | 77% | 247% | -34% | 109% | 112% | 112% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 7 | 18 | 32 | 64 | 122 | 394 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WOOF | |
|---|---|---|---|---|
| WOOF | -2.8% | 76.5% | 0.26 | - |
| Sector ETF (XLY) | 10.1% | 18.5% | 0.38 | 19.5% |
| Equity (SPY) | 26.1% | 12.4% | 1.59 | 15.2% |
| Gold (GLD) | 24.1% | 27.5% | 0.77 | 5.9% |
| Commodities (DBC) | 18.5% | 18.8% | 0.77 | 2.4% |
| Real Estate (VNQ) | 11.8% | 13.8% | 0.57 | 24.5% |
| Bitcoin (BTCUSD) | -40.2% | 42.5% | -1.09 | 17.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WOOF | |
|---|---|---|---|---|
| WOOF | -39.1% | 73.7% | -0.36 | - |
| Sector ETF (XLY) | 6.7% | 23.9% | 0.24 | 33.0% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 31.4% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 10.0% |
| Commodities (DBC) | 7.5% | 19.4% | 0.28 | 6.5% |
| Real Estate (VNQ) | 2.1% | 18.9% | 0.01 | 32.3% |
| Bitcoin (BTCUSD) | 9.4% | 54.1% | 0.37 | 16.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WOOF | |
|---|---|---|---|---|
| WOOF | -22.3% | 72.5% | -0.34 | - |
| Sector ETF (XLY) | 12.5% | 22.1% | 0.52 | 32.5% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 30.9% |
| Gold (GLD) | 12.2% | 16.1% | 0.62 | 10.1% |
| Commodities (DBC) | 6.0% | 18.0% | 0.26 | 6.7% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 31.6% |
| Bitcoin (BTCUSD) | 59.9% | 66.8% | 1.00 | 16.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/12/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/3/2026 | -6.1% | -7.2% | |
| 3/11/2026 | 34.6% | 34.6% | 16.3% |
| 11/25/2025 | 14.5% | 3.0% | -4.4% |
| 8/28/2025 | 23.5% | 13.6% | 12.4% |
| 6/5/2025 | -23.3% | -28.2% | -15.2% |
| 3/26/2025 | 31.6% | 36.9% | 26.6% |
| 12/5/2024 | 8.0% | -6.7% | -15.1% |
| 9/10/2024 | 32.9% | 60.3% | 74.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 8 |
| # Negative | 10 | 11 | 12 |
| Median Positive | 16.3% | 13.4% | 16.4% |
| Median Negative | -11.0% | -12.2% | -15.0% |
| Max Positive | 34.6% | 60.3% | 74.9% |
| Max Negative | -28.9% | -28.2% | -40.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/3/2026 | -6.1% | -7.2% | |
| 3/11/2026 | 34.6% | 34.6% | 16.3% |
| 11/25/2025 | 14.5% | 3.0% | -4.4% |
| 8/28/2025 | 23.5% | 13.6% | 12.4% |
| 6/5/2025 | -23.3% | -28.2% | -15.2% |
| 3/26/2025 | 31.6% | 36.9% | 26.6% |
| 12/5/2024 | 8.0% | -6.7% | -15.1% |
| 9/10/2024 | 32.9% | 60.3% | 74.9% |
| 5/22/2024 | 17.6% | 27.8% | 44.5% |
| 3/13/2024 | -1.6% | -24.6% | -27.3% |
| 11/29/2023 | -28.9% | -12.2% | -14.8% |
| 8/24/2023 | -20.6% | -19.7% | -40.2% |
| 5/24/2023 | -18.2% | -25.0% | -13.9% |
| 11/30/2022 | 16.3% | 7.9% | -0.7% |
| 8/24/2022 | -8.8% | -5.0% | -20.9% |
| 5/24/2022 | 3.7% | 9.3% | 12.3% |
| 3/8/2022 | 8.0% | 3.8% | 13.7% |
| 11/18/2021 | -13.2% | -18.5% | -19.0% |
| 8/19/2021 | 3.6% | 13.3% | 16.5% |
| 5/20/2021 | -1.0% | -4.8% | -13.5% |
| 3/18/2021 | -3.8% | -7.3% | -3.1% |
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 8 |
| # Negative | 10 | 11 | 12 |
| Median Positive | 16.3% | 13.4% | 16.4% |
| Median Negative | -11.0% | -12.2% | -15.0% |
| Max Positive | 34.6% | 60.3% | 74.9% |
| Max Negative | -28.9% | -28.2% | -40.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/05/2026 | 10-Q |
| 01/31/2026 | 03/13/2026 | 10-K |
| 10/31/2025 | 12/05/2025 | 10-Q |
| 07/31/2025 | 08/29/2025 | 10-Q |
| 04/30/2025 | 06/06/2025 | 10-Q |
| 01/31/2025 | 03/31/2025 | 10-K |
| 10/31/2024 | 12/06/2024 | 10-Q |
| 07/31/2024 | 09/10/2024 | 10-Q |
| 04/30/2024 | 06/05/2024 | 10-Q |
| 01/31/2024 | 04/03/2024 | 10-K |
| 10/31/2023 | 12/07/2023 | 10-Q |
| 07/31/2023 | 09/01/2023 | 10-Q |
| 04/30/2023 | 06/07/2023 | 10-Q |
| 01/31/2023 | 03/28/2023 | 10-K |
| 10/31/2022 | 12/08/2022 | 10-Q |
| 07/31/2022 | 09/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/05/2026 | 10-Q |
| 01/31/2026 | 03/13/2026 | 10-K |
| 10/31/2025 | 12/05/2025 | 10-Q |
| 07/31/2025 | 08/29/2025 | 10-Q |
| 04/30/2025 | 06/06/2025 | 10-Q |
| 01/31/2025 | 03/31/2025 | 10-K |
| 10/31/2024 | 12/06/2024 | 10-Q |
| 07/31/2024 | 09/10/2024 | 10-Q |
| 04/30/2024 | 06/05/2024 | 10-Q |
| 01/31/2024 | 04/03/2024 | 10-K |
| 10/31/2023 | 12/07/2023 | 10-Q |
| 07/31/2023 | 09/01/2023 | 10-Q |
| 04/30/2023 | 06/07/2023 | 10-Q |
| 01/31/2023 | 03/28/2023 | 10-K |
| 10/31/2022 | 12/08/2022 | 10-Q |
| 07/31/2022 | 09/02/2022 | 10-Q |
| 04/30/2022 | 06/09/2022 | 10-Q |
| 01/31/2022 | 03/24/2022 | 10-K |
| 10/31/2021 | 12/01/2021 | 10-Q |
| 07/31/2021 | 08/27/2021 | 10-Q |
| 04/30/2021 | 06/10/2021 | 10-Q |
| 01/31/2021 | 04/05/2021 | 10-K |
| 10/31/2020 | 01/15/2021 | 424B4 |
Recent Forward Guidance
Updated 6/4/2026Latest: Q1 2026 Earnings Reported 6/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Net Sales | 0 | -160.0% | Higher New | Actual: -0.01 for Q1 2026 | |||
| Q2 2026 Adjusted EBITDA | 110.00 Mil | 111.00 Mil | 112.00 Mil | 19.4% | Higher New | Actual: 93.00 Mil for Q1 2026 | |
| 2026 Net Sales | 0 | 0.01 | 0 | Affirmed | Guidance: 0.01 for 2026 | ||
| 2026 Adjusted EBITDA | 415.00 Mil | 422.50 Mil | 430.00 Mil | 0 | Affirmed | Guidance: 422.50 Mil for 2026 | |
| 2026 Net Interest Expense | 125.00 Mil | 0 | Affirmed | Guidance: 125.00 Mil for 2026 | |||
| 2026 Capital Expenditures | 140.00 Mil | 0 | Affirmed | Guidance: 140.00 Mil for 2026 | |||
| 2026 Depreciation & Amortization | 200.00 Mil | 0 | Affirmed | Guidance: 200.00 Mil for 2026 | |||
| 2026 Net Store Closures | 15 | 17.5 | 20 | 0 | Affirmed | Guidance: 17.5 for 2026 | |
Prior: Q4 2025 Earnings Reported 3/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Net Sales | Higher New | ||||||
| Q1 2026 Adjusted EBITDA | 92.00 Mil | 93.00 Mil | 94.00 Mil | -1.1% | Lowered | Guidance: 94.00 Mil for Q4 2025 | |
| 2026 Net Sales | Higher New | ||||||
| 2026 Adjusted EBITDA | 415.00 Mil | 422.50 Mil | 430.00 Mil | 6.7% | Raised | Guidance: 396.00 Mil for 2025 | |
| 2026 Net Interest Expense | 125.00 Mil | 0 | Affirmed | Guidance: 125.00 Mil for 2025 | |||
| 2026 Capital Expenditures | 140.00 Mil | 9.8% | Raised | Guidance: 127.50 Mil for 2025 | |||
| 2026 Depreciation & Amortization | 200.00 Mil | 0 | Affirmed | Guidance: 200.00 Mil for 2025 | |||
| 2026 Net Store Closures | 15 | 17.5 | 20 | -12.5% | Lowered | Guidance: 20 for 2025 | |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Other Specialty Retail Resources |
| Specialty Retailer |
| Retail Gazette |
| Inside Retail |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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