Petco Health And Wellness Company, Inc. · NASDAQ:WOOF
Petco Health And Wellness — Q3 2024 Earnings Presentation
14 slides from Petco Health And Wellness's earnings presentation, Dec 5, 2024
Slide 1: Petco Third Quarter 2024 Earnings Call
+ WELLNESS CO. PETCO THIRD QUARTER 2024 EARNINGS CALL December 5, 2024
Slide 2: Safe Harbor and Non-GAAP Measures
SAFE HARBOR AND NON-GAAP MEASURES This Presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amend
Slide 3: (1) Non-GAAP financial measure; see definition and reconciliation at the end of this Presentation.
► ► ► ► ► (1) Non-GAAP financial measure; see definition and reconciliation at the end of this Presentation.
Slide 4: (1) On an as-reported basis (14-week Q4’23 vs. 13-week Q4’22)
• • • • (1) On an as-reported basis (14-week Q4’23 vs. 13-week Q4’22)
Slide 5: Supply Chain & Other Digital & IT New & Existing Locations
• • Supply Chain & Other Digital & IT New & Existing Locations • • (1) Non-GAAP financial measure; see definition and reconciliation at the end of this Presentation. (2) Sum of cash and cash equivalents and availability under revolver.
Slide 6: Non-GAAP Measures and Other Definitions
petco THE HEALTH + WELLNESS CO. NON-GAAP MEASURES AND OTHER DEFINITIONS
Slide 7: Non-GAAP Measures and Other Definitions
Non-GAAP Measures and Other Definitions
Slide 8: Reconciliation of Net Loss to Adjusted EBITDA
(dollars in thousands) 13 Weeks Ended Reconciliation of Net Loss Attributable to Class A and B-1 November 2, October 28, Common Stockholders to Adjusted EBITDA 2024 2023 Net loss attributable to Class A and B-1 common stockholders $ (16,673) $(1,241,137) Add (deduct): Interest expense, net 34,451 35
Slide 9: Reconciliation of Diluted EPS to Adjusted EPS
(in thousands, except per share amounts) 13 Weeks Ended Reconciliation of Diluted EPS to Adjusted EPS November 2, 2024 October 28, 2023 Amount Per share Amount Per share Net loss attributable to common stockholders / diluted EPS $ (16,673) $ (0.06) $(1,241,137) $ (4.63) Add (deduct): Income tax bene
Slide 10: Free Cash Flow Reconciliation
(in thousands) 13 Weeks Ended 39 Weeks Ended November 2, October 28, November 2, October 28, 2024 2023 2024 2023 Net cash provided by operating activities $ 20,724 $ 34,431 $ 81,680 $ 168,696 Cash paid for fixed assets (31,012) (62,509) (91,041) (176,532) Free Cash Flow $ (10,288) $ (28,078) $ (9,36
Slide 11: Net Debt and Net Debt / Adjusted EBITDA
November 2, February 3, October 28, (dollars in thousands) 2024 2024 2023 Total debt: Senior secured credit facilities, net, including current portion $ 1,576,856 $ 1,576,223 $ 1,574,909 Finance leases, including current portion 14,639 24,172 25,470 Total debt 1,591,495 1,600,395 1,600,379 Less: cas
Slide 12: Non-GAAP Financial Measures' Footnotes
Non-GAAP Financial Measures’ Footnotes OO O————————————O————————eeeeeeeeererererererererertt 0) @ @) (4) Mexico Joint Venture EBITDA represents 50 percent of the entity’s operating results for all periods, as adjusted to reflect the results on a basis comparable to Adjusted EBITDA. In the financial
Slide 13: Net Sales by Category
13 Weeks Ended November 2, October 28, October 29, October 30, % Change % Change % Change 2024 2023 2022 2021 (1 yr) (2 yr) (3 yr) Consumables $ 753,230 $ 733,277 $ 720,512 $ 643,125 3% 4% 17% Supplies and companion animals 509,964 524,526 575,259 635,278 (3%) (12%) (21%) Services and other 248,243
Slide 14: Thank You
THANK YOU petco THE HEALTH + WELLNESS CO.
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