Petco Health And Wellness Company, Inc. · NASDAQ:WOOF
Petco Health And Wellness — Q4 2024 Earnings Presentation
14 slides from Petco Health And Wellness's earnings presentation, Mar 26, 2025
Slide 1: Petco Fourth Quarter and Full Year 2024 Earnings Call
PETCO FOURTH QUARTER AND FULL YEAR 2024 EARNINGS CALL March 26, 2025
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: Fourth Quarter Key Takeaways
Fourth Quarter KEY TAKEAWAYS Delivered solid Q4 driven by efforts to strengthen retail fundamentals ➢ Comp sales improved +0.5% ➢ Adj. EBITDA1 of $96.1M ahead of prior outlook ➢ Achieved positive FY24 free cash flow1 of $49.7M Building momentum heading into 2025 ➢ Continued progress on improving ret
Slide 4: Q4 2024 Revenue Performance
Q4 2024 REVENUE PERFORMANCE NET REVENUE BY CATEGORY $1,674 ($ in millions) Key Revenue Highlights $1,529 $1,524 $1,511 $1,552 254 242 Note: Reported revenue for 13-week Q4 2024 249 260 248 versus 14-week Q4 2023 587 516 510 529 o Services and Other revenue declined 519 (5)% y/y but grew 13% on a 2-y
Slide 5: Full Year 2024 Results
FULL YEAR 2024 RESULTS NET REVENUE ADJUSTED EBITDA1,2 ($ in millions) ($ in millions) $6,255 $6,116 982 1,000 $401 2,210 2,074 $337 25 net pet care center closures in FY’24 3,064 3,043 FY'23 FY'24 FY'23 FY'24 Consumables Supplies and CA Services and Other Revenue growth 4% (2%) Adj. EBITDA Margin1,2
Slide 6: Q1 and Full Year 2025 Guidance
Q1 AND FULL YEAR 2025 GUIDANCE Q1’25 Guidance Full Year 2025 Guidance Net revenue Down low single digits y/y Net revenue Down low single digits y/y Adjusted EBITDA1 $375M to $390M Adjusted EBITDA1 $82M to $83M Net interest expense ~$130M Capital expenditures $130M to $140M Depreciation and amortizat
Slide 7: Non-GAAP Measures and Other Definitions
NON-GAAP MEASURES AND OTHER DEFINITIONS
Slide 8: Non-GAAP Measures and Other Definitions
Non-GAAP Measures and Other Definitions The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this Presentation to the most directly comparable financial measures calculated and presented in accordance with U.S. generally accepted accounti
Slide 9: Non-GAAP Measures: Adjusted EBITDA
Non-GAAP Measures: Adjusted EBITDA* 13 Weeks 14 Weeks 52 Weeks 53 Weeks (dollars in thousands) Ended Ended Ended Ended Reconciliation of Net Loss Attributable to Class A and B-1 February 1, February 3, February 1, February 3, Common Stockholders to Adjusted EBITDA 2025 2024 2025 2024 Net loss attrib
Slide 10: Non-GAAP Measures: Free Cash Flow
Non-GAAP Measures: Free Cash Flow 10
Slide 11: Non-GAAP Measures: Net Debt
Non-GAAP Measures: Net Debt February 1, February 3, (dollars in thousands) 2025 2024 Total debt: Senior secured credit facilities, net, including current portion $ 1,578,091 $ 1,576,223 Finance leases, including current portion 13,793 24,172 Total debt 1,591,884 1,600,395 Less: cash and cash equival
Slide 12: Non-GAAP Financial Measures' Footnotes
Non-GAAP Financial Measures’ Footnotes (1) 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 statements, this joint venture is accounted for as an equity m
Slide 13: Net Sales by Category
Net Sales by Category 13 Weeks Ended 14 Weeks Ended 13 Weeks Ended 13 Weeks Ended February 1, February 3, January 28, January 29, % Change % Change % Change 2025 2024 2023 2022 (1 yr) (2 yr) (3 yr) Consumables $ 781,208 $ 833,440 $ 766,092 $ 683,552 (6%) 3% 15% Supplies and companion animals 529,009
Slide 14: Thank You
THANK YOU ©2025 Petco Health and Wellness Company, Inc.
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