What changed
Petco reported Q2 FY26 revenue of $1489M, up 0.05% YoY, with comparable sales up 0.6%. Net income rose to $39M from $14M last year. The quarter included a $6.8M net benefit from IEEPA tariff refunds, while a membership program relaunch drove stronger-than-expected points redemption that disrupted sales.
Why it matters
Petco reported Q2 FY26 revenue of $1489M, up 0.05% YoY, with comparable sales up 0.6%. Net income rose to $39M from $14M last year. The quarter included a $6.8M net benefit from IEEPA tariff refunds, while a membership program relaunch drove stronger-than-expected points redemption that disrupted sales.