Petco Health and Wellness Company Inc
corporate.petco.comWhat Do They Do?
Sells pet food and other consumables, pet supplies and companion animals, and pet-care services to pet parents in stores and online.
10-K for FY2025, filed Mar 13, 2026Founded in 1965, Petco is a leading pet specialty retailer focused on improving the lives of pets, pet parents, and our own Petco partners.…View ↗
Our product offering leverages a broad assortment of national brands, owned brands, and exclusive merchandise, providing customers with a…View ↗
We integrate our product offering with our services business, comprised of veterinary care, grooming, and training, with a focus on…View ↗
How Do They Make Money?
Petco sells products to shoppers, who typically pay at the point of sale; online product sales are completed when orders are delivered or picked up. Customers typically pay for grooming, veterinary and other services at checkout or completion, while dog-training package sales are spread over the contract term.
10-K for FY2025, filed Mar 13, 2026Product revenue is recognized when control passes, which generally occurs at a point in time when the customer completes a transaction in a…View ↗
For transactions initiated online, customers choose whether to have it delivered to them (using third-party parcel delivery companies) or…View ↗
The Company recognizes service revenue from pet grooming, veterinary care, and certain other in-store services once the service is…View ↗
The Company recognizes service revenue from dog training packages ratably over the life of the contract, as this pattern best depicts when…View ↗
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10-K for FY2025, filed Mar 13, 2026
FY2025 revenue by product or service ↗
$6B
-
10-K for FY2025, filed Mar 13, 2026
$6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Consumables
Sold outright
10-K for FY2025, filed Mar 13, 2026 |
50%
FY2022: 47%
|
Consumables, FY2025
$3B Sources
|
Sold outright |
|
Supplies and companion animals
Sold outright
10-K for FY2025, filed Mar 13, 2026 |
33%
FY2022: 39%
|
Supplies and companion animals, FY2025
$2B Sources
|
Sold outright |
|
Services and other
|
17%
FY2022: 13%
|
Services and other, FY2025
$1B Sources
|
Who Are Their Customers?
Pet parents buy directly through Petco stores and online at Petco.com or in the app; they can have orders delivered or pick them up at a store.
10-K for FY2025, filed Mar 13, 2026
Do Revenues Turn Into Profits?
Yes. It kept less than a cent of every revenue dollar as net income in FY2025 and turned 3 cents into free cash flow.
10-K for FY2025, filed Mar 13, 2026
$120.4MView ↗
10-K for FY2025, filed Mar 13, 2026
$9.1MView ↗
10-K for FY2025, filed Mar 13, 2026
$187MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Sep 4, 2026
Open tableView ↗
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Sep 2, 2026
Petco reaffirmed its full-year net sales and adjusted EBITDA outlook
It forecast net sales flat to up 1.5% and adjusted EBITDA of $415 million to $430 million.
Sources
8-K, filed Sep 2, 2026
Adjusted EBITDA2 $415 million to $430 millionView ↗
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Jun 3, 2026
Petco provided a second-quarter sales and adjusted EBITDA outlook
It forecast net sales up about 0.3% year over year and adjusted EBITDA of $110 million to $112 million.
Sources
8-K, filed Jun 3, 2026
Adjusted EBITDA2 $110 million to $112 millionView ↗
Flat. Revenue was $6B in FY2025, about the same as the $5.8B of FY2021.
Broader merchandise assortment
The older report emphasized owned and exclusive merchandise and an assortment weighted toward premium products. The latest report describes adding more national-brand products, which it says are typically lower priced and less profitable.
10-K for FY2022, filed Mar 28, 2023 10-K for FY2025, filed Mar 13, 2026Our product offering leverages a broad, carefully curated assortment of owned and exclusive merchandise, providing customers with high…View ↗
We have also benefited from increasing pet ownership, discretionary spending on pets, and trends in humanization and premiumization in the…View ↗
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