22.03.2023 12:36:09
|
Petco Health Q4 Profit Rises, Adj. EPS Misses View; Warns On FY23 Adj. Earnings
(RTTNews) - Pet retailer Petco Health and Wellness Co., Inc. (WOOF) reported Wednesday that its fourth-quarter net income was $32.7 million or $0.12 per share, an increase of 12.9 percent from $29.0 million or $0.11 per share in the prior year.
Adjusted net income was $62.0 million or $0.23 per share, compared to $75.1 million or $0.28 per share in the prior year.
On average, 12 analysts polled by Thomson Reuters expected earnings of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
In the quarter, Petco delivered net revenue of $1.58 billion, up 4.2 percent from the prior year's $1.51 billion, mainly driven by strength in the company's consumables business. Analysts expected revenues of $1.57 billion for the quarter.
Comparable sales grew 5.3 percent year over year and 18.8 percent on a two-year basis.
Looking ahead for fiscal 2023, including expected 53rd week of operations, the company expects adjusted earnings per share to be down $0.13 to $0.21 from last year's $0.75 per share.
Adjusted EBITDA is expected to be down around $10 million to up around $10 million from last year's adjusted EBITDA of $582.3 million.
Net revenue is expected to be $6.150 billion to $6.275 billion, higher than revenues of $6.04 billion in 2022.
Analysts expect earnings of $0.70 per share on revenues of $6.36 billion for fiscal 2023.
In pre-market activity on Nasdaq, Petco shares were losing around 7.8 percent to trade at $9.38.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu VCA Antech Inc.mehr Nachrichten
Keine Nachrichten verfügbar. |