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What To Expect From Petco’s (WOOF) Q3 Earnings

WOOF Cover Image

Pet-focused retailer Petco (NASDAQ: WOOF) will be reporting results this Tuesday afternoon. Here’s what you need to know.

Petco met analysts’ revenue expectations last quarter, reporting revenues of $1.49 billion, down 2.3% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS and EBITDA estimates.

Is Petco a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Petco’s revenue to decline 2.8% year on year to $1.47 billion, a reversal from the 1.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.

Petco Total Revenue

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 Q3 results, giving us a hint as to what we can expect. National Vision delivered year-on-year revenue growth of 7.9%, beating analysts’ expectations by 3%, and Tractor Supply reported revenues up 7.2%, in line with consensus estimates. National Vision traded down 8.3% following the results while Tractor Supply was up 2.6%.

Read our full analysis of National Vision’s results here and Tractor Supply’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the consumer retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.7% on average over the last month. Petco is down 27.7% during the same time and is heading into earnings with an average analyst price target of $3.81 (compared to the current share price of $2.76).

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