Trade Petco Health & Wellness Co Inc - WOOF CFD

Petco Health and Wellness Company, Inc. Company profile

About Petco Health and Wellness Company Inc

Petco Health and Wellness Company, Inc. is a pet health and wellness company. The Company is focused on improving the lives of pets, pet parents and its Petco partners. The Company offers various services, including in-store events, grooming, positive dog training, veterinary services, Petco insurance, pet adoption and a resource center. The Company also offers a veterinary service platform, which includes full-service veterinary hospitals, Vetco clinics, and tele-veterinarian services. The Company operates approximately 1,500 pet care centers across the United States (U.S), Mexico and Puerto Rico, which also includes a network of more than 150 in-store veterinary hospitals, and offers a complete resource for pet health and wellness through the Petco.com Website and the Petco app. The Company also operates an independent nonprofit organization, Petco Foundation.

Financial summary

BRIEF: For the fiscal year ended 29 January 2022, Petco Health and Wellness Company Inc revenues increased 18% to $5.81B. Net income totaled $164.4M vs. loss of $26.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Income from equity method investees increase of 68% to $10.9M (earnings).