Petco Health And Wellness Company, Inc. · NASDAQ:WOOF
Petco Health And Wellness — Q4 2025 Earnings Presentation
18 slides from Petco Health And Wellness's earnings presentation, Mar 11, 2026
Slide 1: Fourth Quarter 2025 Financial Highlights
Fourth Quarter 2025 Financial Highlights March 11, 2026
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: 2025 Key Accomplishments
2025 Key Accomplishments Advanced organizational capabilities and set the foundation for healthier growth ahead ➢ Completed senior leadership team buildout ➢ Strengthened operational base and successfully executed across Phase 1 and Phase 2 of operational plan ➢ Developed strategy across four growth
Slide 4: Fourth Quarter and 2025 Financial Highlights
Fourth Quarter and 2025 Financial Highlights Continued execution in Q4, exceeding outlook: ➢ Operating income increased 83.2% to $31.9M and operating margin rose 98 bps to 2.1%, with gross margin rate and SG&A ratio improving ➢ Adj. EBITDA1 increased 10.6% to $106.3M Sizable profitability gains in 2
Slide 5: Executing Against 2025 Priorities
Q2 and FullAgainst Executing Year 2025 Guidance Priorities in 2025 Phase 1 – Strengthening Fundamentals • Strengthening operating and economic model • Completed build out of senior leadership team with proven retail executives Phase 2 – Implementing and Executing • Continued progress on improving re
Slide 6: Four Pillars Supported by our Strengthened Economic Model
Four Pillars Supported by our Strengthened Economic Model Compelling Product Trusted Store Experience A regular stream of product newness Passionate partners and strong complementing our evergreen customer engagement that fosters a assortment with fresh and trend- memorable and differentiated in-sto
Slide 7: Pivoting to Growth in 2026: Reach for the Sky
Pivoting to Growth in 2026: Reach for the Sky Reach for the Sky in 2026 is about looking up and driving forward ➢ Vision: leveraging store-based model to bolster competitive positioning, increase relevance and improve store productivity Offer Product Newness and Differentiation: ➢ Expanding Fresh fo
Slide 8: Supported by Economic Model
Expand gross margin rate Supported by Economic Leverage expenses through operational excellence & renewed Model cost discipline Our number-one financial priority is clear: Improve ROIC by instilling new rigor and discipline into capital restoring the health of our longer-term economic model which, i
Slide 9: Q4 2025 Net Sales & Comp
Q4 2025 Net Sales & Comp NET SALES BY CATEGORY ($ in millions) $1,552 $1,515 $1,493 $1,489 $1,464 Services and Other 242 252 263 256 255 Supplies and CA 529 500 494 496 478 Consumables 781 748 730 731 759 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Revenue growth (7%) 1 (2%) (2%) (3%) (2%) Ending U.S. Store Count
Slide 10: Q4 2025: Improving Profitability and Liquidity
Q4 2025: Improving Profitability and Liquidity OPERATING INCOME ADJUSTED EBITDA1 ($ in millions) ($ in millions) $96 $106 $32 $17 Q4'24 Q4'25 Q4'24 Q4'25 Operating Income 1.1% 2.1% Adj. EBITDA Margin1 6.2% 7.0% Margin NET DEBT1 & LIQUIDITY 2 FREE CASH FLOW1 ($ in millions) $187 Q4’24 Q4’25 YoY % Cha
Slide 11: Q1 and Full Year 2026 Outlook
Q1 and Full Year 2026 Outlook Q1 2026 Outlook2 Full Year 2026 Outlook2 Net Sales Flat to 1.5% Net Sales -1% to flat Adjusted EBITDA1 $415M to $430M Adjusted EBITDA1 $92M to $94M Net Interest Expense ~$125M Capital Expenditures ~$140M Depreciation and ~$200M Amortization Net Store Closures 15 to 20 (
Slide 12: Non-GAAP Measure and Other Definitions
Non-GAAP Measure and Other Definitions
Slide 13: 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 14: Non-GAAP Measures: Adjusted EBITDA
Non-GAAP Measures: Adjusted EBITDA* * Please see slide at the end of this Presentation for related footnotes. 14
Slide 15: Non-GAAP Measures: Free Cash Flow
Non-GAAP Measures: Free Cash Flow 15
Slide 16: Non-GAAP Measures: Net Debt & Leverage Ratio
Non-GAAP Measures: Net Debt & Leverage Ratio 16
Slide 17: 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 18: Thank You
Thank You ©2026 Petco Health and Wellness Company, Inc.
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