Petco Health Q3 Earnings Top Estimates, Lifts FY21 Outlook

Loading...
Loading...
  • Petco Health And Wellness Co Inc WOOF reported third-quarter FY21 sales growth of 15% year-on-year, to $1.44 billion, beating the analyst consensus of $1.37 billion. Comp sales growth was 15%.
  • The gross profit increased 10% Y/Y to $594.7 million with a profit margin of 41.2%.
  • The operating margin was 4.3%, and operating income for the quarter rose 34.5% to $61.9 million.
  • Adjusted EBITDA increased 17% Y/Y to $138.5 million.
  • Adjusted EPS of $0.20 beat the analyst consensus of $0.18.
  • Petco held $221.5 million in cash and equivalents as of October 30, 2021. Cash provided by operating activities for the nine months totaled $288.4 million with a free cash flow of $124.1 million.
  • Outlook: Petco raised the FY21 sales outlook to $5.725 billion - $5.775 billion (prior view $5.6 billion - $5.7 billion), above the consensus of $5.67 billion.
  • The company raised the FY21 adjusted EPS outlook to $0.86 - $0.88 (prior view $0.81 - $0.85), versus the consensus of $0.86.
  • Price Action: WOOF shares are trading lower by 11.1% at $21.96 on the last check Thursday.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...