Petco Earnings Reports

Petco delivered better-than-expected Q1 2025 results, with gross margin expansion and increased operating income. Revenue and comparable sales declined modestly year over year, but the company reaffirmed its full-year guidance.

In Q4 2024, Petco's revenue declined by 7.3% year-over-year to $1.55 billion, while it narrowed its GAAP net loss to $13.8 million. Adjusted EBITDA was $96.1 million, reflecting a decrease from the prior year. Operating income improved significantly year-over-year, and gross profit experienced a smaller decline relative to revenue.