Petco Health and Wellness (WOOF) Q4 2024 Earnings
How Did WOOF Stock React to Q4 2024 Earnings?
S&P 500 over the same 30 days: −2.25%.
Did WOOF Beat Earnings? Q4 2024 Results
No. Petco Health and Wellness reported Q4 2024 earnings of $-0.05 a share on Mar 26, 2025, missing the $0.01 consensus estimate by 534.8%. Revenue was $1.6B against a $1.6B estimate.
Petco Health and Wellness capped fiscal 2024 with a quarter that told two stories at once: a headline revenue miss paired with enough underlying progress to send shares surging more than 10% in after-hours trading. The pet retailer posted Q4 net revenue of $1.55 billion, down 7.3% year over year and just shy of the $1.56 billion consensus, with the decline driven largely by the absence of a 53rd week that had padded the year-ago comparison. On a per-share basis, GAAP diluted EPS came in at negative $0.05, swinging to a loss where analysts had expected roughly breakeven, though the quarter's $13.84 million net loss represented a meaningful improvement from the $22.57 million loss posted a year ago. The brightest sign for the turnaround thesis under CEO Joel Anderson was a swing to positive free cash flow of $49.68 million for the full year, up from negative $9.88 million, fueled by sharply lower capital expenditures. Looking ahead, management guided fiscal 2025 adjusted EBITDA to $375 million to $390 million, representing double-digit growth from fiscal 2024, even as revenue is expected to slip by a low single-digit percentage again.
- Comparable sales increased 0.5% year over year in Q4
- SG&A expenses decreased 6% year over year in Q4
- Net loss narrowed to $13.8 million from $22.6 million in Q4 year over year
- Full-year free cash flow improved to $49.7 million from negative $9.9 million
- Capital expenditures reduced significantly from $225.6 million to $128.0 million for the full year
“Our results in the fourth quarter demonstrate the progress we've made to return Petco to retail operating excellence. While there is more work ahead, I am confident our new leadership team is well-positioned to build on this early momentum, deliver double-digit adjusted EBITDA improvement in 2025 and set the business up for sustainable profitable growth.”
Petco Health and Wellness CEO, on the earnings call
What Was Petco Health and Wellness's Outlook in Q4 2024?
For fiscal year 2025, Petco expects net revenue to be down low single digits year over year, with adjusted EBITDA of $375 million to $390 million, representing double-digit growth from fiscal 2024's $336.5 million. Capital expenditures are guided at $130-140 million, net interest expense at approximately $130 million, and depreciation & amortization at approximately $200 million. The company plans approximately 20-30 net store closures. For Q1 2025, net revenue is expected down low single digits year over year with adjusted EBITDA of $82 million to $83 million.
WOOF YoY Financials
| Metric | Q4 2024 | Q4 2023 | Year over year |
|---|---|---|---|
| Revenue | $1.6B | $1.7B | −7.3% |
| Gross Profit | $589.3M | $606.4M | −2.8% |
| Operating Income | $17.4M | $166,000 | +10,374.7% |
| Net Income | −$13.8M | −$10.0M | +38.7% |
WOOF Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.