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Petco reports Q2 2026 earnings beat and $75 million debt prepayment
Petco Health and Wellness reported its second quarter 2026 financial results, featuring earnings per share of $0.13, which exceeded analyst estimates of $0.07. The company reported net sales of approximately $1.5 billion, representing a 0.05% increase compared to the same period last year.
Key highlights from the quarter include the company's second consecutive period of positive comparable sales growth and a $75 million debt prepayment aimed at progressing toward 2x leverage. Petco also noted a $6.8 million net benefit from IEEPA tariff refunds.
CEO Joel Anderson stated that the company delivered stronger than expected profitability and noted growth in consumables. Petco has reaffirmed its full-year sales and profitability outlook for fiscal 2026.
Entities
Joel Anderson · Petco Health and Wellness · Roxanne Meyer · Sabrina Simmons · San Diego
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Petco reaffirmed its full-year sales and profitability outlook for fiscal 2026. corporate.petco.com
- [○ 1 SOURCE] The company received a net benefit of $6.8 million related to IEEPA tariff refunds. corporate.petco.com
- [○ 1 SOURCE] Petco reported earnings per share of $0.13 for the quarter.
- [● 2 SOURCES] The company reported revenue of approximately $1.49 billion to $1.5 billion for the quarter. corporate.petco.com
- [○ 1 SOURCE] The company achieved its second consecutive quarter of positive comparable sales growth. corporate.petco.com
- [○ 1 SOURCE] Petco announced a $75 million debt prepayment. corporate.petco.com