Petco reported first-quarter results Tuesday that showed a return to positive comparable sales growth but a wider net loss than the same period a year ago, sending Petco stock lower after the report.
The company posted net sales of $1.5 billion for the quarter ended May 2, up 0.2% from a year earlier, with comparable sales rising 0.7%
Petco recorded a net loss of $15.1 million, compared with a net loss of $11.7 million in the first quarter of 2025. On an adjusted basis, the company earned $0.01 per share, topping the Zacks consensus estimate, which had called for a loss of $0.02 per share, according to Yahoo Finance. The quarter’s $1.5 billion in revenue came in 0.66% above the Zacks consensus estimate.
However, Investing.com reported the company missed earnings estimates by $0.06. At the gross level, profit reached $574.4 million as margin widened by 21 basis points to 38.4%. A 50.5% jump in operating income brought that figure to $24.6 million.