Company Performance - Petco Health & Wellness reported a quarterly loss of $0.02 per share, which was better than the Zacks Consensus Estimate of a loss of $0.03, and an improvement from a loss of $0.05 per share a year ago, indicating an earnings surprise of 33.33% [1] - The company posted revenues of $1.51 billion for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 0.92% and showing an increase from $1.49 billion in the same quarter last year [2] - Over the last four quarters, Petco has exceeded consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Petco shares have increased approximately 59.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 27.6% [4] - The current consensus EPS estimate for the upcoming quarter is $0.03 on revenues of $1.58 billion, while for the current fiscal year, the estimate is -$0.06 on revenues of $6.13 billion [8] Industry Outlook - The Zacks Industry Rank indicates that the Retail - Miscellaneous sector, to which Petco belongs, is currently in the bottom 30% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Petco's stock performance [6]

Exhibit 99.1 Contacts: Investor Relations investorrelations@petco.com Media Relations Lisa.stark@petco.com FOR IMMEDIATE RELEASE: December 5, 2024 Petco Health + Wellness Company, Inc. Reports Third Quarter 2024 Earnings Results Q3 2024 Overview • Net revenue of $1.51 billion increased 1.2 percent year over year and comparable sales increased 1.8 percent year over year • Gross profit of $575.8 million increased 4.7 percent year over year, compared to $550.0 million in the prior year • GAAP net loss of $16.7 ...

Q3 2024 Overview Net revenue of $1.51 billion increased 1.2 percent year over year and comparable sales increased 1.8 percent year over year Gross profit of $575.8 million increased 4.7 percent year over year, compared to $550.0 million in the prior year GAAP net loss of $16.7 million, or $(0.06) per share, compared to GAAP net loss of $1.2 billion, or $(4.63) per share in the prior year that included a $1.2 billion non-cash goodwill impairment charge Adjusted Net Income1 of $(6.5) million, or $(0.02) per ...

SAN DIEGO, Nov. 13, 2024 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced Joe Venezia will join the company as Chief Revenue Officer, effective Nov. 17, reporting to Joel Anderson, Chief Executive Officer. In this newly created role, Venezia will be responsible for driving revenue and developing integrated strategies to improve the customer experience. Joe will oversee critical areas that contribute to Petco's growth, including pet care centers, pet and veterinary servi ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics ...

SAN DIEGO, Nov. 6, 2024 /PRNewswire/ -- On December 5, 2024, at approximately 4:00 p.m. Eastern, Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, will release its third quarter 2024 earnings results.Additionally, Petco executives will host a conference call at approximately 4:30 p.m. Eastern to review the company's financial and operating performance.The call will be webcast live and the earnings release and presentation will be available on the company' ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuati ...

Can new leadership turn Petco around? Check out what drove investor optimism in September. Shares of Petco Health and Wellness (WOOF 1.72%) rose 42.6% in September 2024, according to data from S&P Global Market Intelligence. The pet products retailer reported solid fiscal second-quarter earnings on Sept. 10 and management's guidance for the next reporting period was in line with current analyst expectations. That may sound bland to you, but Petco investors were pleasantly surprised. The stock surged 48% hig ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks ...