Petco Health and Wellness (NASDAQ:WOOF) guided in line with analyst expectations for the current quarter and coped to marginally beat on revenue and profit consensus for the second quarter.
Shares of the animal wellness products retailer rose nearly 4% in post-market trading on Tuesday. Stock closed +7.7% at $3.07 before the report.
The company now anticipates third-quarter net revenue to be about $1.5B, which matches the consensus estimate. Adjusted loss per share is expected between $0.03 and $0.04. The consensus estimate is 3 cents loss.
“Growth in the company’s consumables and services and other business was offset by the company’s supplies and companion animal business, down 4.7 percent versus prior year,” Petco said in a statement.
In Q2, comparable sales rose 0.3%, and adjusted EBITDA was $83.5M compared to $112.6M in the same period last year.
Operating cash flow fell 28% to $69.4M, and FCF fell by $2.6M to $42M.
Net loss attributable to shareholders for the three months ended June 30 widened to $24.8M or $0.09 loss per share, from $14.6M or $0.05 loss per share for the same period a year earlier.
On an adjusted per-share basis, the company lost 2 cents, while analysts, on average, were expecting a 3 cents loss.
Revenue fell 0.5% to $1.52B but matched the consensus estimate of the same.
