Petco Health and Wellness Reports Q2 Fiscal 2026 Results
Petco Health and Wellness (NASDAQ:WOOF) reported second-quarter fiscal year 2026 results with sales of $1.5 billion, a 0.6% increase in comparable store sales for the second consecutive quarter, and adjusted EBITDA of $122 million before tariff refunds. The company experienced temporary sales pressure due to its relaunched Petco Perks loyalty program, which led to higher-than-expected point redemptions by customers, particularly affecting service revenue. Despite this short-term impact, management noted that peak redemption activity has passed and highlighted positive momentum from new store formats, Autoship expansion, merchandise initiatives, and veterinary services. The company reaffirmed its full-year outlook for flat to 1.5% sales growth and $415 million to $430 million in adjusted EBITDA. Petco also emphasized progress on debt reduction, with a year-over-year decrease of $113 million in total debt and an additional planned repayment of $75 million expected over the next nine months. CEO Joel Anderson highlighted strategic initiatives under its 'Reach for the Sky' plan gaining traction across key areas including digital capabilities and veterinary services integration.
Tickers: $WOOF
Topics: comparable_sales debt_reduction ebitda petcare retail