Petco Health + Wellness Company, Inc. Announces Record Results for First Quarter of Fiscal 2021; Raises Full Year Outlook
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Petco Health and Wellness (WOOF) Tops Q1 EPS by 8c, Revenues Beat; Raises FY21 EPS/Revenues Outlook
May 20, 2021 7:33 AM EDTPetco Health and Wellness (NASDAQ: WOOF) reported Q1 EPS of $0.17, $0.08 better than the analyst estimate of $0.09. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.27 billion.
Fiscal Q1 2021 Highlights:Comparisons are first quarter of 2021 ended May 1, 2021 versus first quarter of 2020 ended May 2, 2020 unless otherwise noted
Net revenue increased 27 percent to $1.4 billion driven by comp sales growth of 28 percentNet income increased $38.7 million to $7.6 million or $0.03 per share, inclusive of $20.8 million of non-cash charges related to the refinancing of the... More