Petco Health + Wellness Company, Inc. Reports First Quarter 2024 Earnings Results
WOOFPetco Health and Wellness pany(WOOF) prnewswire.com·2024-05-22 19:00

Q1 2024 Overview Net revenue of 1.5billiondecreased1.7percentyearoveryearComparablesalesdeclined1.2percentyearoveryearandincreased4.1percentonatwoyearbasisGAAPnetlossof1.5 billion decreased 1.7 percent year over year Comparable sales declined 1.2 percent year over year and increased 4.1 percent on a two-year basis GAAP net loss of 46.5 million, or (0.17)pershare,comparedtoGAAPnetlossof(0.17) per share, compared to GAAP net loss of 1.9 million, or (0.01)pershareintheprioryearAdjustedNetIncome1of(0.01) per share in the prior year Adjusted Net Income1 of (11.8) million, or (0.04)pershare,comparedto(0.04) per share, compared to 14.9 million, or 0.06pershareintheprioryearAdjustedEBITDA1of0.06 per share in the prior year Adjusted EBITDA1 of 75.6 million compared to $111.0 million in the ...