Petco Says It Could Return to Sales Growth

Dow Jones

Mar 12

By Katherine Hamilton

Petco Health and Wellness guided for a possible return to sales growth in 2026 as it continues to close stores.

Petco expects sales in 2026 to be flat to up 1.5%, a turnaround from the 2.5% decrease in revenue in 2025. The company expects to close between 15 to 20 stores during the fiscal year.

In the first quarter, the pet-supplies company anticipates revenue will be down 1% to flat.

Shares rose 12.5% to $2.70 a share in after-hours trading.

Petco on Wednesday posted a loss of $2.6 million, or 1 cent a share, compared with a loss of $13.8 million, or 5 cents a share, a year earlier. Profit was in line with analysts' expectations.

Fourth-quarter revenue fell 2.4% to $1.52 billion. Analysts surveyed by FactSet forecast revenue of $1.51 billion.

Same-store sales fell 1.6% during the quarter, while analysts were projecting a 2.2% decline.

"Our outlook reflects our strategic initiatives and assumes a return to positive comps in 2026," Chief Executive Joel Anderson said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 11, 2026 16:42 ET (20:42 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Analysts surveyed by FactSet forecast revenue of $1.51 billion. \n</p>\n<p>\n  Same-store sales fell 1.6% during the quarter, while analysts were projecting a 2.2% decline. \n</p>\n<p>\n  \"Our outlook reflects our strategic initiatives and assumes a return to positive comps in 2026,\" Chief Executive Joel Anderson said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 11, 2026 16:42 ET (20:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WOOF","symbol_name":"Petco Health and Wellness Company, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2618975729","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618975729","pubTimestamp":1773261720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Petco Health and Wellness guided for a possible return to sales growth in 2026 as it continues to close stores.Petco expects sales in 2026 to be flat to up 1.5%, a turnaround from the 2.5% decrease in revenue in 2025. The company expects to close between 15 to 20 stores during the fiscal year.In the first quarter, the pet-supplies company anticipates revenue will be down 1% to flat.Shares rose 12.5% to $2.70 a share in after-hours trading.Petco on Wednesday posted a loss of $2.6 million, or 1 cent a share, compared with a loss of $13.8 million, or 5 cents a share, a year earlier. Profit was in line with analysts' expectations.Fourth-quarter revenue fell 2.4% to $1.52 billion. Analysts surveyed by FactSet forecast revenue of $1.51 billion.Same-store sales fell 1.6% during the quarter, while analysts were projecting a 2.2% decline.\"Our outlook reflects our strategic initiatives and assumes a return to positive comps in 2026,\" Chief Executive Joel Anderson said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WOOF":"Petco Health and Wellness Company, Inc.","BK4200":"专卖店"},"translate_title":"Petco表示可能会恢复销售增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WOOF":0.9},"content_text":"By Katherine Hamilton \n\n\n \n\n\nPetco Health and Wellness guided for a possible return to sales growth in 2026 as it continues to close stores. \n\n\n  Petco expects sales in 2026 to be flat to up 1.5%, a turnaround from the 2.5% decrease in revenue in 2025. 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Analysts surveyed by FactSet forecast revenue of $1.51 billion. \n\n\n  Same-store sales fell 1.6% during the quarter, while analysts were projecting a 2.2% decline. \n\n\n  \"Our outlook reflects our strategic initiatives and assumes a return to positive comps in 2026,\" Chief Executive Joel Anderson said. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 11, 2026 16:42 ET (20:42 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}