Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) released its fourth-quarter results after Wednesday's closing bell. Here's a look at the details from the report.
The Details: Petco Health and Wellness reported GAAP losses of five cents per share, which missed the analyst consensus estimate for losses of two cents. Quarterly revenue came in at $1.52 billion, missing the consensus estimate of $1.56 billion. Comparable sales increased 0.5% year-over-year.
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“Our results in the fourth quarter demonstrate the progress we’ve made to return Petco to retail operating excellence,” said Joel Anderson, Petco’s CEO. “While there is more work ahead, I am confident our new leadership team is well-positioned to build on this early momentum, deliver double-digit adjusted EBITDA improvement in 2025 and set the business up for sustainable profitable growth.”
Outlook: Petco sees first-quarter and fiscal 2025 net revenue down by low single digits year-over-year.
WOOF Price Action: According to data from Benzinga Pro, Petco shares were up 13.11% after hours at $2.76 on Wednesday.
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