Pet-focused retailer Petco (NASDAQ: WOOF) will be reporting earnings tomorrow after market close. Here’s what you need to know.
Petco beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $1.51 billion, up 1.2% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EPS estimates but EBITDA guidance for next quarter missing analysts’ expectations significantly.
Is Petco a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Petco’s revenue to decline 7% year on year to $1.56 billion, a reversal from the 6.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Petco has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Petco’s peers in the consumer retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. National Vision delivered year-on-year revenue growth of 3.9%, beating analysts’ expectations by 0.6%, and America's Car-Mart reported revenues up 8.7%, topping estimates by 15.2%. National Vision traded up 7.9% following the results while America's Car-Mart was also up 16.1%.
Read our full analysis of National Vision’s results here and America's Car-Mart’s results here.
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