Petco to Host Fourth Quarter and Full Year 2025 Earnings Conference Call on March 11, 2026 [Accessibility Statement] Skip NavigationSAN DIEGO, Feb. 25, 2026 /PRNewswire/ -- Petco (Nasdaq: WOOF), the retailer "where the pets go" to find everything they need to live their best lives, today announced that its financial results for the fourth quarter and full year fiscal 2025 will be released after market close on Wednesday, March 11, 2026. The company will host a conference call at approximately 4:30 p.m. East ...

SAN DIEGO--(BUSINESS WIRE)-- #CancerChallenge--P!NK Headlines 2026 Curebound Concert for Cures on Friday, May 15 at Petco Park. ...

Petco Health and Wellness Company Inc. (NASDAQ:WOOF) is one of the best pet stocks to buy according to hedge funds. Evercore ISI cut the price target on Petco Health and Wellness Company Inc. (NASDAQ:WOOF) to $3 from $4 on February 3, maintaining an In Line rating on the shares and telling investors that it adjusted price targets among its Retail Broadlines & Hardlines coverage. Is Petco Health and Wellness Company (WOOF) the Best Nasdaq Stock Under $5 to Buy? The rating update came after Petco Health an ...

Group 1 - Petco Health and Wellness Company Inc. (NASDAQ:WOOF) has completed its long-term debt refinancing, aiming to enhance financial flexibility and reduce leverage [1][2] - The refinancing involved $1.5 billion of its current term loan, including a $50 million voluntary prepayment due in December 2025 and the issuance of $600 million in senior secured notes at an annual interest rate of 8.25% [1] - Glenn Murphy has transitioned from Executive Chairman to Chairman of the Board of Directors, effective February 1, 2024, during a significant transformation period for the company [2] Group 2 - Petco operates over 1,500 stores across the U.S., Mexico, and Puerto Rico, offering a range of pet-oriented products and services, including veterinary care, grooming, training, tele-health, and pet health insurance [3]

Core Insights - Petco has successfully closed a long-term debt refinancing, enhancing its financial flexibility and reducing leverage [1][2] - Glenn Murphy transitions from Executive Chairman to Chairman of the Board, effective February 1, 2026, marking a strategic leadership change [1][2] - The company has improved its economic model and retail operating fundamentals, leading to better profitability and cash flow [2] Company Overview - Petco has been a leading retailer for pet supplies for over 60 years, operating more than 1,500 stores across the U.S., Mexico, and Puerto Rico [3] - The company emphasizes the importance of the pet-human bond and offers a wide range of products and services, including exclusive pet care items and expert support [3] - Petco Love, founded in 1999, has supported local animal welfare groups and facilitated the adoption of over 7 million animals [3]

Core Viewpoint - Petco has announced the pricing of a senior secured notes offering, intending to raise $600 million with a maturity date of February 1, 2031, and an interest rate of 8.250% per annum [1]. Group 1: Notes Offering Details - The offering will consist of $600 million in aggregate principal amount of new senior secured notes [1]. - The completion of the notes offering is expected on February 2, 2026, subject to customary closing conditions [1]. - The notes will be guaranteed by Petco's subsidiaries and secured by first-lien and second-lien priority interests in fixed and current assets, respectively [3]. Group 2: Use of Proceeds - Petco plans to use the net proceeds from the notes sale, along with borrowings from a new term loan facility and cash on hand, to fully repay its existing term loan facility, cover related fees and expenses, and for general corporate purposes [2]. Group 3: Regulatory and Offering Conditions - The notes will not be registered under the Securities Act of 1933 and will only be offered to qualified institutional buyers or outside the U.S. in compliance with Regulation S [4]. - A confidential offering memorandum will be provided to eligible persons, and the offering will adhere to the terms set forth in that memorandum [4].

Core Viewpoint - Petco is offering $650 million in new senior secured notes to refinance existing debt and for general corporate purposes [1][2]. Group 1: Notes Offering - The offering consists of $650 million in aggregate principal amount of new senior secured notes, subject to pricing and customary closing conditions [1]. - The notes will be guaranteed by Petco's subsidiaries and secured by first-lien and second-lien priority interests in fixed and current assets [3]. - The notes will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers or outside the U.S. [4]. Group 2: Use of Proceeds - The net proceeds from the notes will be used to repay Petco's existing term loan facility, cover related fees and expenses, and for general corporate purposes [2]. Group 3: Security and Priority - The notes will be effectively senior to existing and future unsecured indebtedness and will be equal to senior indebtedness secured on the same priority basis [3]. - The notes will be subordinated to any existing and future secured indebtedness that is not collateral for the notes [3].

Core Viewpoint - Petco (WOOF) is currently focusing on efficiency, which has led to a short-term decline in revenue, indicating a potential underestimation of the company's long-term value [1]. Group 1: Company Performance - Petco's revenue has experienced a decline, which is part of its strategy to enhance operational efficiency [1]. Group 2: Analyst Background - The author has a background in business writing, previously contributing to the Motley Fool Blogging Network and focusing on sectors such as restaurants, retailers, and food manufacturers [1].

Core Insights - Petco Health & Wellness Company Inc. is viewed as a potential investment opportunity despite recent price target adjustments by major financial institutions [1][2] Financial Performance - In Q3 2025, Petco reported a net sales decline of 3.1% to $1.46 billion and a comparable sales decrease of 2.2%, while adjusted EBITDA increased by 21% to $99 million, with a margin expansion of approximately 1.4% to 6.7% [3] - The company achieved a gross margin expansion of 0.75% to 38.9% and reduced SG&A expenses by $32 million, resulting in 0.97% expense leverage [3] Strategic Focus - Petco is shifting its strategy away from unprofitable sales towards high-margin services, with the Services and Other category growing to $255 million [4] - The veterinary business is a key area of growth, with the company exceeding hiring goals and achieving record-high doctor retention [4] Future Outlook - Petco has raised its full-year 2025 Adjusted EBITDA outlook to between $395 million and $397 million, while tightening its net sales forecast to a decline of 2.5% to 2.8% [5] - The company plans to slow the pace of store closures, ending the quarter with 1,389 US stores, as it targets a return to growth in 2026 [4]

Core Insights - Petco reported a data breach that made customers' personal information accessible online due to a setting in one of its software applications [1] - The company filed breach reports in California, Massachusetts, and Texas, indicating a widespread issue [2] Group 1: Breach Details - The breach was identified during a routine security review, and Petco took immediate steps to correct the issue [3] - In California, the breach notification indicated that the law requires notification if more than 500 residents are affected, although the specific number of affected consumers was not disclosed [2] - In Massachusetts, the breach affected seven residents, with compromised information including driver's licenses and credit or debit card numbers, but not Social Security Numbers or financial account information [3] Group 2: Impact in Texas - In Texas, 329 residents were affected, with the breach involving Social Security Numbers, driver's license numbers, financial information, and dates of birth [4] - Petco provided notice to consumers in Texas regarding the breach [4] Group 3: Response and Security Measures - Following the breach, Petco took part of its Vetco Clinics website offline after it was reported that customer records could be accessed online [5] - A spokesperson for Petco stated that the company has implemented and will continue to implement additional security measures to strengthen its systems [6]