U.S. COMPANY FILING
Petco Health & Wellness Company, Inc. — Form 10-Q filed 2026-06-05
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Petco reported Q1 FY2026 net sales of $1.497 billion, up slightly from $1.493 billion a year ago. Net loss widened to $15.1 million from $11.7 million. The company completed a debt refinancing in February 2026, issuing $600 million senior secured notes and $900 million new term loans, incurring an $11.8 million loss on extinguishment. Gross margin improved to 38.4%, but operating cash flow was negative.
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