Petco projects $415M–$430M FY27 EBITDA, sees Q1 $92M–$94M, shares surge
Petco projected fiscal 2027 adjusted EBITDA of $415–$430 million, surpassing analyst estimates of $404.4 million. It also forecasted Q1 adjusted EBITDA of $92–$94 million versus estimates of $90.3 million, sending shares up to 20% in postmarket trade.
1. Fiscal 2027 EBITDA Forecast
Petco projected adjusted EBITDA of $415 million to $430 million for the fiscal year ending early 2027, exceeding the $404.4 million consensus as it anticipates continued resilient consumer spending on pets.
2. Q1 Adjusted EBITDA Outlook
The company expects first-quarter adjusted EBITDA between $92 million and $94 million, above the $90.3 million analyst estimate, reflecting momentum across consumables, supplies and services.
3. Postmarket Share Reaction
Shares jumped as much as 20% in postmarket trading following the bullish guidance, marking one of the largest single-day gains for Petco this year.
4. Strategic Initiatives and Competition
Petco is stabilizing operations through targeted store closures and category expansion while facing competition from Chewy, PetSmart, Amazon and Walmart.