Key facts
- Petco reaffirmed its fiscal year 2026 outlook.
- Net sales are projected to be flat to up 1.5% for FY2026.
- Adjusted EBITDA is expected to be between $415 million and $430 million for FY2026.
- The company reported positive comparable store sales in the first quarter.
Petco Health & Wellness Co. has reaffirmed its financial outlook for fiscal year 2026. The company anticipates net sales to remain flat or increase by up to 1.5%, with adjusted EBITDA projected to be in the range of $415 million to $430 million. This forward-looking guidance comes as Petco reported positive comparable store sales for the first quarter, indicating a potential turnaround after a period of revenue decline.