Our consistent delivery of growth despite macro disruptions exemplifies our nimbleness, our execution capabilities and the strength of our one of a kind ecosystem in a defense growth category. And we also made tangible progress on strategic cash flow enhancing initiatives. All strategic initiatives that secure Petco’s ability to deliver sustained future growth while capturing category megatrends.įinancially, on EBITDA, we did what we said we would do.
#PETCO WEIGHT SCALE DRIVERS#
In a challenging macroeconomic environment, we delivered our 16th consecutive quarter of comp sales growth, added customers for the 15th consecutive quarter accelerated our Vital Care member sign-up rate, made progress in scaling our growth drivers of vet and digital, continue to see product mix shift towards premium and launch landmark partnerships leading brands. Our third quarter results demonstrate the resilience of our category, the strength of our unique model and dedication of our incredible Petco team members. And finally, during the question-and-answer portion of today’s call and to allow us time for questions from as many participants as possible and finish the call on time, we will be grateful if you could keep to one question and one follow-up. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in our earnings release and our presentation as well as in our filings with the Securities and Exchange Commission. In addition, today’s presentation contains references to non-GAAP financial measures.
#PETCO WEIGHT SCALE UPDATE#
These forward-looking statements are made only as of the date marked and except as required by law, we undertake no obligation to update or revise any of them, whether as a result of new information, future events or otherwise. These risks and uncertainties include those set out in our earnings materials and our filings with the Securities and Exchange Commission. In a few moments, I will invite Ron and Brian to provide their perspective on Petco’s financial and operating performance for the quarter and the outlook and priorities for the remainder of the year.īefore they begin, I would like to remind you that on this call, we will make forward-looking statements regarding our current plans, beliefs and expectations, which are not guarantees of future performance and are subject to a number of risks and uncertainties and other factors that could cause actual results and events to deliver materially from results and events contemplated by such forward-looking statements.
On the call with me today are Ron Coughlin, Petco’s Chief Executive Officer and Brian LaRose, Petco’s Chief Financial Officer.
#PETCO WEIGHT SCALE DOWNLOAD#
In addition to the earnings release, there is a presentation and infographic available to download on our website at ir., summarizing our third quarter 2022 results. Good morning, everyone and thank you for joining Petco’s third quarter 2022 earnings conference call. I would now like to turn the conference over to Benjamin Thiele-Long, Petco’s Director of Executive and Business Communications.
Please note this event is being recorded. Good morning and welcome to the Petco’s Third Quarter 2022 Earnings Conference Call. ( NASDAQ: WOOF) Q3 2022 Earnings Conference Call Novem8:30 AM ETīenjamin Thiele-Long - Director, Executive and Business Communications
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