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(CHWY), VCA Antech, Inc (NASDAQ:WOOF) - Stock Wars: Petco Vs Chewy

Share: Benzinga’s latest Stock Wars matches up two leaders in a major industry sector, allowing readers to decide which company is the better investment. This week, the duel is between major players in the pet supplies sector: Petco Health + Wellness Company, Inc. (NASDAQ: WOOF) and Chewy Inc (NYSE: CHWY). The Case for Petco: Petco started in 1965 as a mail-order veterinary supplies business. It was acquired in 2000 by Leonard Green & Partners and TPG Capital, and nearly merged with its privately-owned rival PetSmart in 2015, but the deal fell through. Instead, the company was acquired by CVC Capital Partners and the Canada Pension Plan Investment Board in November 2015 for $4.6 billion.

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Petco Health and Wellness Company (WOOF) Q1 2021 Earnings Call Transcript

Operator Good day, ladies and gentlemen, and welcome to the Petco s first-quarter fiscal 2021 earnings conference call. [Operator instructions] Please note this event is being recorded. I would now like to turn the conference over to Kristy Moser, vice president and investor relations officer. Please go ahead, Kristy. Kristy Moser Vice President and Investor Relations Officer Thanks very much, and welcome, everybody, to Petco s first-quarter fiscal 2021 earnings conference call. We are webcasting live over the Internet. To access the call on the internet, please go to Petco website at petco.com and follow the links from there. In addition to the earnings release, there is a presentation available for download, summarizing our first-quarter 2021 results and reconciling non-GAAP measures as discussed today with the most directly comparable GAAP measures as well as a financial supplement.

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Petco Health + Wellness Company, Inc Announces Record Results for First Quarter of Fiscal 2021; Raises Full Year Outlook

Share this article Share this article SAN DIEGO, May 20, 2021 /PRNewswire/ Petco Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete partner in pet health and wellness, today released its financial results for its first quarter ended May 1, 2021. In the first quarter of 2021, Petco delivered net revenue growth of 27 percent versus prior year with comparable sales growth of 28 percent and delivered 30 percent comparable sales growth on a two-year stack, marking the tenth consecutive quarter of growth for Petco. Net income improved $38.7 million or $0.18 per share to $7.6 million or $0.03 per share. Adjusted Net Income 1 increased $60.0 million from prior year to $44.4 million or $0.17 per share, while first quarter Adjusted EBITDA

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Petco Health and Wellness Company, Inc : Petco Health and Wellness Company, Inc Announces Record Results for First Quarter of Fiscal 2021; Raises Full Year Outlook

Petco Health and Wellness Company, Inc : Petco Health and Wellness Company, Inc Announces Record Results for First Quarter of Fiscal 2021; Raises Full Year Outlook
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Petco Health + Wellness Company, Inc Reports Strong Fourth Quarter and Full-Year 2020 Results, Issues 2021 Guidance

Petco Health + Wellness Company, Inc Reports Strong Fourth Quarter and Full-Year 2020 Results, Issues 2021 Guidance
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