Petco Health & Wellness reported its 17th consecutive quarter of comp growth in its fourth quarter, along with its 16th consecutive quarter of customer growth.
The pet supplies and services retailer reported that its net revenue increased 4.2% to $1.58 billion in the quarter ended Jan. 28. Comparable sales grew 5.3% year over year, resulting in the seventeenth consecutive quarter of comparable sales growth
Net income was $32.7 million or $0.12 per share, compared to $29.0 million or $0.11 per share in the year-ago quarter. Adjusted net income1 was $62.0 million or $0.23 per share, compared to $75.1 million or $0.28 per share in the prior year.Chain Storeage