Latest news with #JoelAnderson
Yahoo
05-06-2025
- Business
- Yahoo
Petco's (NASDAQ:WOOF) Q1 Earnings Results: Revenue In Line With Expectations
Pet-focused retailer Petco (NASDAQ:WOOF) met Wall Street's revenue expectations in Q1 CY2025, but sales fell by 2.3% year on year to $1.49 billion. On the other hand, next quarter's revenue guidance of $1.49 billion was less impressive, coming in 0.8% below analysts' estimates. Its GAAP loss of $0.04 per share was $0.01 above analysts' consensus estimates. Is now the time to buy Petco? Find out in our full research report. Revenue: $1.49 billion vs analyst estimates of $1.5 billion (2.3% year-on-year decline, in line) EPS (GAAP): -$0.04 vs analyst estimates of -$0.05 ($0.01 beat) Adjusted EBITDA: $89.45 million vs analyst estimates of $80.68 million (6% margin, 10.9% beat) Revenue Guidance for Q2 CY2025 is $1.49 billion at the midpoint, below analyst estimates of $1.50 billion EBITDA guidance for the full year is $382.5 million at the midpoint, in line with analyst expectations Operating Margin: 1.1%, up from -1.1% in the same quarter last year Free Cash Flow was -$43.87 million compared to -$41.06 million in the same quarter last year Same-Store Sales fell 1.3% year on year, in line with the same quarter last year Market Capitalization: $993.2 million "We are pleased to deliver first quarter earnings results ahead of our guidance and to reaffirm our outlook for fiscal 2025 which now incorporates the impact of tariffs. This performance is a testament to the execution of our nearly 30,000 team members and the resilience of the category in which we operate," said Joel Anderson, Petco's Chief Executive Officer. Historically known for its window displays of pets for sale or adoption, Petco (NASDAQ:WOOF) is a specialty retailer of pet food and supplies as well as a provider of services such as wellness checks and grooming. A company's long-term sales performance is one signal of its overall quality. Any business can have short-term success, but a top-tier one grows for years. With $6.08 billion in revenue over the past 12 months, Petco is a mid-sized retailer, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. As you can see below, Petco's sales grew at a tepid 6.4% compounded annual growth rate over the last five years (we compare to 2019 to normalize for COVID-19 impacts) as it didn't open many new stores. This quarter, Petco reported a rather uninspiring 2.3% year-on-year revenue decline to $1.49 billion of revenue, in line with Wall Street's estimates. Company management is currently guiding for a 2.5% year-on-year decline in sales next quarter. Looking further ahead, sell-side analysts expect revenue to remain flat over the next 12 months, a deceleration versus the last five years. This projection is underwhelming and implies its products will see some demand headwinds. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. A retailer's store count influences how much it can sell and how quickly revenue can grow. Over the last two years, Petco has kept its store count flat while other consumer retail businesses have opted for growth. When a retailer keeps its store footprint steady, it usually means demand is stable and it's focusing on operational efficiency to increase profitability. Note that Petco reports its store count intermittently, so some data points are missing in the chart below. The change in a company's store base only tells one side of the story. The other is the performance of its existing locations and e-commerce sales, which informs management teams whether they should expand or downsize their physical footprints. Same-store sales gives us insight into this topic because it measures organic growth for a retailer's e-commerce platform and brick-and-mortar shops that have existed for at least a year. Petco's demand within its existing locations has barely increased over the last two years as its same-store sales were flat. This performance isn't ideal, and we'd be skeptical if Petco starts opening new stores to artificially boost revenue growth. In the latest quarter, Petco's same-store sales fell by 1.3% year on year. This decline was a reversal from its historical levels. We liked that Petco exceeded analysts' EBITDA expectations this quarter. We were also glad its EPS outperformed Wall Street's estimates. On the other hand, both its revenue and EBITDA guidance for next quarter missed Wall Street's estimates, and this is weighing on shares. The stock traded down 3.8% to $3.51 immediately following the results. Is Petco an attractive investment opportunity right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
County to use $4M for tiny cabins, housing vouchers after RV project halted
SAN DIEGO (FOX 5/KUSI) — The Board of Supervisors has voted to divert more than $4 million in unspent funds from a paused project to create a RV parking lot in Lakeside towards other county homelessness initiatives, including a project to build dozens of tiny cabins in Lemon Grove. Known as the Troy Street Sleeping Cabins, the project has been a point of contention for Lemon Grove residents since it was offered as an alternative to a similar proposal in Spring Valley that was abruptly nixed by the county amid community backlash. The county pressed ahead with the new site, a Caltrans property near Troy Street and Sweetwater Road, giving it the green light last year despite similar pushback from Lemon Grove residents given its proximity to several schools. Homelessness down 7% in San Diego County, point-in-time count finds On Tuesday, the Board of Supervisors voted to move $3.5 million of the roughly $4.4 million in unused funds allocated to the now-discontinued Willow RV Senior and Family Parking project in Lakeside to support the first year of the cabin's operations. The Willow RV parking project had been halted in August of last year — a mere five months after it was approved by the Board of Supervisors — 'pending further view' by officials of a third-party report on the effectiveness of the county's provision of homeless services. The remaining $868,568 allocated to the RV parking lot project will be moved to the county's Regional Homeless Assistance Program (RHAP), which hands out vouchers to unsheltered individuals for shelter at certain motels while providing other supportive services. 'These reallocated funds will go directly to programs that can make an immediate difference in the lives of people experiencing homelessness,' Supervisor Joel Anderson, who sponsored Tuesday's action alongside Supervisor Monica Montgomery Steppe, said in a statement. 'We are turning an unused investment into real, meaningful support.' The initial 150-bed cabin project in Spring Valley was approved alongside the Willow RV parking lot early last year as key projects under the county's 'Compassionate Emergency Solutions and Pathway to Housing Plan.' The plan, implemented in 2022, intended to add new options to the county's shelter portfolio that differ from the traditional congregate settings, akin to the city of San Diego's safe parking and sleeping sites. To this end, the county began pursing the original Spring Valley tiny home project, receiving state backing in the form of a $10 million grant for construction and operation on top of 150 cabins at no cost. When the project was pulled, this support was rescinded. Over 41k notices sent out for unpaid property taxes in San Diego County Supervisor Montgomery Steppe pitched the Lemon Grove site as another avenue to continue with the project as a last ditch resort to keep the help from being clawed back. However, the plot's size was not able to accommodate its original 150-bed capacity. The project was then revamped, reducing its size to about 60 to 70 cabins with a maximum capacity of about 140 people. County officials added it also will be focused on serving veterans, seniors and adults. The entire tiny home project is expected to cost about $11 million to build and $3 million annually to operate with the on-site services. Construction is expected to begin this summer with the goal of bringing it online by 2026. According to the county, the construction costs are being covered by left over funds from COVID-19 assistance under the American Rescue Plan Act. Meanwhile, long-term operation costs are expected to be supported with RHAP funding. 'The Troy Street project and RHAP are examples of how the County is stepping up to provide both shelter and services effectively, and ultimately, a pathway to stable housing,' Montgomery Steppe said in a statement. 'These projects are going to provide positive intervention for our most vulnerable residents, and I'm proud to be part of that work.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-04-2025
- Politics
- Yahoo
San Diego County Supervisors hold forum on immigration enforcement
SAN DIEGO (FOX 5/KUSI) — A San Diego County Supervisors meeting was held Tuesday, with local leaders discussing the Sheriff's Department involvement with sharing immigration information with ICE. Over 100 speakers showed up to sound off on the matter, with nearly every speaker at the county meeting asking for the Sheriff's Department to adhere to sanctuary policies and not share immigration information with federal officials. 'With the Trump administration shipping off anyone they like to an El Salvador concentration camp without due process, this will add to the paranoia,' said one speaker. The San Diego County Sheriff reported that in 2024 they turned 30 undocumented immigrants over to ICE officials for deportation. State law prohibits local authorities from turning over immigrants illegally living in the United States to federal officials unless they have committed violent felonies. US-born Californian warned to leave country immediately by DHS Supporters of the San Diego sheriff's cooperation with ICE say they want even more local law enforcement involvement with deportations. 'Criminals where ICE detainers were not honored, heinous crimes were committed,' said a man in support of the sheriff's cooperation with ICE. While the Sheriff's Department made it clear that their primary focus is not immigration related, they did say they will participate in taskforces with ICE and the Department of Homeland Security. University of California San Diego students say their campus no longer feels safe. 'To continue and maintain a working relationship makes San Diego fundamentally unsafe; not just for immigrants but for their families and colleagues as well,' said a UCSD student. The meeting was discontinued because Supervisor Joel Anderson needed to leave early, ending the county quorum. No vote was taken. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
02-04-2025
- Business
- Yahoo
Reflecting On Specialty Retail Stocks' Q4 Earnings: Petco (NASDAQ:WOOF)
Let's dig into the relative performance of Petco (NASDAQ:WOOF) and its peers as we unravel the now-completed Q4 specialty retail earnings season. Some retailers try to sell everything under the sun, while others—appropriately called Specialty Retailers—focus on selling a narrow category and aiming to be exceptional at it. Whether it's eyeglasses, sporting goods, or beauty and cosmetics, these stores win with depth of product in their category as well as in-store expertise and guidance for shoppers who need it. E-commerce competition exists and waning retail foot traffic impacts these retailers, but the magnitude of the headwinds depends on what they sell and what extra value they provide in their stores. The 4 specialty retail stocks we track reported a mixed Q4. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.1% since the latest earnings results. Historically known for its window displays of pets for sale or adoption, Petco (NASDAQ:WOOF) is a specialty retailer of pet food and supplies as well as a provider of services such as wellness checks and grooming. Petco reported revenues of $1.55 billion, down 7.3% year on year. This print was in line with analysts' expectations, and overall, it was a very strong quarter for the company with EBITDA guidance for next quarter exceeding analysts' expectations and a solid beat of analysts' EPS estimates. "Our results in the fourth quarter demonstrate the progress we've made to return Petco to retail operating excellence," said Joel Anderson, Petco's Chief Executive Officer. Petco delivered the slowest revenue growth of the whole group. The stock is up 31% since reporting and currently trades at $3.21. Is now the time to buy Petco? Access our full analysis of the earnings results here, it's free. Operating under multiple brands, National Vision (NYSE:EYE) sells optical products such as eyeglasses and provides optical services such as eye exams. National Vision reported revenues of $437.3 million, up 3.9% year on year, outperforming analysts' expectations by 0.6%. The business had a very strong quarter with full-year EPS guidance exceeding analysts' expectations and an impressive beat of analysts' EBITDA estimates. National Vision pulled off the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 10.3% since reporting. It currently trades at $12.63. Is now the time to buy National Vision? Access our full analysis of the earnings results here, it's free. Named after founder Philip Leslie, who established the company in 1963, Leslie's (NASDAQ:LESL) is a retailer that sells pool and spa supplies, equipment, and maintenance services. Leslie's reported revenues of $175.2 million, flat year on year, exceeding analysts' expectations by 0.8%. Still, it was a slower quarter as it posted a significant miss of analysts' EBITDA estimates. As expected, the stock is down 66.5% since the results and currently trades at $0.75. Read our full analysis of Leslie's results here. Started as a mail-order tractor parts business, Tractor Supply (NASDAQ:TSCO) is a retailer of general goods such as agricultural supplies, hardware, and pet food for the rural consumer. Tractor Supply reported revenues of $3.77 billion, up 3.1% year on year. This result met analysts' expectations. Aside from that, it was a slower quarter as it produced full-year EPS guidance missing analysts' expectations. Tractor Supply had the weakest performance against analyst estimates among its peers. The stock is down 3.1% since reporting and currently trades at $55.23. Read our full, actionable report on Tractor Supply here, it's free. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
Yahoo
26-03-2025
- General
- Yahoo
Non-monogamous people just as happy as monogamous people, study finds
Discussions of non-monogamy have boomed online in the past few years, as hookup apps like Feeld have made it easier for people to participate in "the lifestyle." As with any subject on the internet, though, there's been backlash to the non-monogamy hype. While some are looking for alternate relationship styles, others are trying to be tradwives who idealize monogamy and marriage. Even Feeld pointed out that, in research with the Kinsey Institute, that young adults fantasize about monogamy these days. SEE ALSO: How to get started with non-monogamy According to new research, however, they may not need to: An analysis of 35 studies involving over 24,000 people worldwide found no significant differences between monogamous and non-monogamous people. The peer-reviewed study published in The Journal of Sex Research states that both groups report similar levels of satisfaction in their relationships and sex lives. These satisfaction levels remained consistent across different demographics like LGBTQ and heterosexual people and differing non-monogamy types like open relationships and polyamory. (We explain the differences in our introduction to non-monogamy.) "Monogamous relationships are often assumed to offer greater satisfaction, intimacy, commitment, passion, and trust than non-monogamous ones. This widespread belief — what we term as the 'monogamy-superiority myth' — is often reinforced by stereotypes and media narratives," lead author, associate professor Joel Anderson, a principal research fellow at the Australian Research Centre in Sexuality, Health, and Society at La Trobe University, said in the press release. "Our findings challenge this long-standing assumption outside of academia, providing further evidence that people in consensually non-monogamous relationships experience similar levels of satisfaction in their relationships and sex lives as those in monogamous ones," Anderson continued. There were limitations to the study, however. They were all self-reported, so respondents could be swayed to respond a certain way to justify their life choices. Also, as the study relied on online sampling, that could've reduced its representativeness and generalizability, the press release stated. Despite these limitations, alternative relationship structures are unlikely to go away soon — and the same goes for social media conversations about them.
