Key facts
- Petco reported first quarter 2026 results.
- The company's Q1 sales and profitability were ahead of its previously provided outlook.
- Petco achieved positive comparable store growth in Q1.
- The company reaffirmed its fiscal year 2026 outlook.
- Petco provided its outlook for the second quarter of fiscal year 2026.
Petco (Nasdaq: WOOF), the retailer, announced its first quarter 2026 financial results, reporting that its sales and profitability for the quarter exceeded previously provided outlooks. The company highlighted a return to positive comparable store growth, which it attributes to the success of its 'Reach for the Sky' initiatives. Based on these results, Petco reaffirmed its financial outlook for the full fiscal year 2026 and also issued its financial guidance for the second quarter of fiscal year 2026.