Petco Q2 net income rises to $38.7 million; full-year outlook reaffirmed
Petco reported second-quarter 2026 net sales of $1.5 billion, roughly flat year over year, with comparable sales up 0.6%. Net income rose to $38.7 million from $14.0 million, helped by a net $6.8 million benefit from IEEPA tariff refunds, and the company reaffirmed its full-year 2026 net sales and Adjusted EBITDA outlook.
Key points
- Net sales were $1.5 billion, up 0.05%; comparable sales rose 0.6%, the second straight quarter of positive comps.
- Operating income rose 11.1% to $47.8 million, and diluted earnings per share were $0.13 versus $0.05 a year earlier.
- Adjusted EBITDA was $122.2 million versus $113.9 million; excluding the tariff refund benefit, it was $115.4 million.
- Full-year 2026 Adjusted EBITDA outlook of $415 million to $430 million was reaffirmed; Q3 Adjusted EBITDA is expected at $100 million to $103 million. A further $75 million debt prepayment was made after the quarter.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.