| Investor Relations Kristy Moser | Ventura Olvera |
FOR IMMEDIATE RELEASE: November 18, 2021
Petco Health + Wellness Company, Inc. announces record revenue and earnings with 15 percent comp growth and a 32 percent two-year comp
| • | Rapidly expanding vet business, digital growth, recurring revenue programs and strong consumables sales drove six consecutive quarters of double-digit comparable sales growth with twelveconsecutive quarters of comparable sales growth |
| • | Net revenue of $1.4 billion grew 15 percent year over year with strong profit flow through |
| • | Earnings per share of $0.20; Adjusted Earnings Per Share1of $0.20 |
| • | Raised full year 2021 guidance on top- and bottom-line |
San Diego, November 18, 2021 - Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a complete partner in pet health and wellness, today released its financial results for its third quarter ended October 30, 2021.
In the third quarter of 2021, Petco delivered net revenue of $1.4 billion, up 15 percent versus prior year. Net income improved by $49.3 million from prior year to $52.8 million or $0.20 per share. Trailing twelve-month net income improved by $156.8 million from prior year to $129.3 million. Adjusted Net Income1 for the third quarter increased $40.4 million from prior year to $54.0 million or $0.20 per share, while Adjusted EBITDA1 increased by 17 percent from prior year to $138.5...
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