Petco Q2 FY26 net income more than doubled to $38.7 million; net sales rise 0.05% to $1.5 billion vs Q2 FY25 - WOOF News | RalliesPetco Q2 FY26 net income more than doubled to $38.7 million; net sales rise 0.05% to $1.5 billion vs Q2 FY25
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WOOF• Q2 FY2026 results
- Petco posted Q2 FY2026 net income of $38.66 million, up from $13.97 million a year earlier.
- Net sales edged up 0.05% to $1.49 billion; comparable sales rose 0.6%.
- Operating income increased 11.1% to $47.81 million; gross margin widened 0.4 percentage points to 39.7%.
- Adjusted EBITDA (non-GAAP) climbed to $122.22 million from $113.86 million; results included a $6.8 million net IEEPA tariff-refund benefit.
Outlook and balance sheet
- Petco reaffirmed its FY2026 net sales outlook of flat to up 1.5% with adjusted EBITDA of $415 million to $430 million.
- The company said it prepaid $75 million of debt after quarter-end.
