Petco Health and Wellness Company, Inc. financials
WOOF•Specialty Retail
Revenue (FY2025)
$5.96B
YoY growth
-2.5%
Operating margin
2.0%
Direction
—
Business Description
Petco Health and Wellness Company, Inc. is an American pet specialty retailer operating over 1,500 stores across the United States, Mexico, and Puerto Rico. The company offers a comprehensive range of pet consumables, supplies, and companion animals, alongside services such as veterinary care, grooming, and training. Distinctively, Petco integrates its retail footprint with a growing network of in-store veterinary hospitals and mobile clinics, positioning itself as a holistic pet health and wellness ecosystem.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
5,961,470
6,116,460
6,255,280
6,035,970
Cost of Sales
3,656,400
3,792,060
3,901,450
3,608,860
Gross Profit
2,305,070
2,324,400
2,353,840
2,427,110
Selling, General & Administrative Expenses
2,184,640
2,317,350
2,311,630
2,201,550
Other Operating Expenses
—
—
1,222,520
—
Operating Profit
120,433
7,051
(1,180,310)
225,559
Interest and Investment Income
6,305
3,714
3,405
1,032
Interest Expense
(131,199)
(143,531)
(150,909)
(101,643)
Non-Operating Income
19,793
23,469
19,995
309
Total Non-Operating Income
(105,101)
(116,348)
(127,509)
(100,302)
Income Before Provision for Income Taxes
15,332
(109,297)
(1,307,820)
125,257
Provision for Income Taxes
6,266
(7,481)
(27,613)
35,347
Consolidated Net Income
9,066
(101,816)
(1,280,210)
89,910
Net Income Attributable to Minority Interests and Other
—
—
—
(891)
Net Income Attributable to Common Shareholders
9,066
(101,816)
(1,280,210)
90,801
Basic EPS
0.03
-0.37
-4.78
0.34
Diluted EPS
0.03
-0.37
-4.78
0.34
Basic Weighted Average Shares Outstanding
279,555
273,410
267,549
265,522
Diluted Weighted Average Shares Outstanding
286,148
273,410
267,549
265,951
Shares Outstanding
281,500
276,900
268,947
266,129
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
256,736
165,756
125,428
201,901
Total Cash and Cash Equivalents
256,736
165,756
125,428
201,901
Accounts Receivable
45,812
40,425
44,369
49,580
Total Trade Receivables
45,812
40,425
44,369
49,580
Inventories
590,210
653,329
684,502
652,430
Other Current Assets
127,028
114,109
97,445
112,083
Total Current Assets
1,019,790
973,619
951,744
1,015,990
Net Property, Plant & Equipment
1,944,740
2,027,780
2,200,420
2,201,090
Net Intangible Assets
1,025,000
1,025,000
1,025,000
1,025,000
Goodwill
980,064
980,064
980,297
2,193,940
Other Long-Term Assets
203,834
187,963
205,694
176,806
Total Assets
5,173,430
5,194,430
5,363,150
6,612,830
Accounts Payable
450,552
492,878
485,131
381,213
Accrued Expenses
358,899
334,539
301,543
307,485
Current Portion of Long-Term Debt
4,608
5,346
15,962
22,794
Current Portion of Leases
320,082
306,400
310,507
309,766
Total Current Liabilities
1,134,140
1,139,160
1,113,140
1,021,260
Long-Term Debt
1,488,530
1,578,090
1,576,220
1,628,330
Leases
1,047,190
1,037,210
1,116,620
1,148,160
Other Long-Term Liabilities
339,318
326,340
372,742
433,608
Total Long-Term Liabilities
2,875,030
2,941,640
3,065,580
3,210,090
Total Liabilities
4,009,170
4,080,800
4,178,720
4,231,350
Common Stock
282
277
269
266
Additional Paid-in Capital
2,312,350
2,280,500
2,229,580
2,152,340
Accumulated Other Comprehensive Income
(8,389)
(18,083)
1,821
(4,098)
Retained Earnings
(1,139,990)
(1,149,060)
(1,047,240)
232,967
Total Common Shareholders' Equity
1,164,250
1,113,630
1,184,430
2,381,480
Total Shareholders' Equity
1,164,250
1,113,630
1,184,430
2,381,480
Total Liabilities and Shareholders' Equity
5,173,430
5,194,430
5,363,150
6,612,830
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
9,066
(101,816)
(1,280,210)
89,910
Depreciation & Amortization
196,710
208,517
203,615
193,828
Share-Based Compensation Expense
32,650
50,212
81,859
60,105
Other Adjustments
413,535
362,185
1,582,520
428,890
Changes in Trade Receivables
(5,621)
4,178
5,211
6,038
Changes in Inventories
63,119
30,767
(32,072)
22,681
Changes in Accounts Payable
(42,992)
8,484
103,919
(22,763)
Changes in Accrued Expenses
21,716
44,526
2,852
(37,811)
Changes in Other Operating Activities
(374,133)
(429,380)
(451,975)
(395,354)
Cash from Operating Activities
314,050
177,673
215,719
346,003
Capital Expenditure
(127,097)
(127,990)
(225,598)
(278,020)
Proceeds from Sale of Property, Plant & Equipment
2,541
1,369
—
2,336
Purchases of Investments
—
(457)
—
(35,000)
Proceeds from Sale of Investments
—
998
24,878
—
Payments for Business Acquisitions
—
(629)
(6,725)
(9,640)
Other Investing Activities
—
2,806
—
—
Cash from Investing Activities
(124,556)
(123,903)
(207,445)
(320,324)
Issuance of Long-Term Debt
—
201,000
273,000
123,000
Repayments of Long-Term Debt
(95,250)
(201,000)
(348,000)
(140,000)
Net Issuance / (Repayments) of Long-Term Debt
(95,250)
0
(75,000)
(17,000)
Issuance of Common Shares
3,677
6,270
4,223
3,796
Repurchases of Common Shares
(4,560)
(6,289)
(8,650)
(15,555)
Net Issuance / (Repurchases) of Common Shares
(883)
(19)
(4,427)
(11,759)
Other Financing Activities
(5,614)
(8,735)
(5,925)
(5,083)
Cash from Financing Activities
(101,747)
(8,754)
(85,352)
(33,842)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash