Petco Files 2023 10-K: A Look at Pet Wellness Retail
Ticker: WOOF · Form: 10-K · Filed: 2024-04-03T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, retail, pet-wellness
TL;DR
Petco's 2023 10-K is in! Full financial picture for pet wellness giant.
AI Summary
Petco Health & Wellness Company, Inc. filed its 2023 10-K on April 3, 2024, reporting on its fiscal year ending February 3, 2024. The company, headquartered in San Diego, CA, is a retail store focused on health and wellness for pets. Key financial details and operational information for the fiscal year 2023 are presented within this comprehensive filing.
Why It Matters
This filing provides investors and stakeholders with a detailed overview of Petco's financial performance, strategic initiatives, and risk factors for the past fiscal year, impacting investment decisions and market perception.
Risk Assessment
Risk Level: medium — The filing contains standard disclosures for a public company, including financial performance, operational risks, and competitive landscape, which are typical for a retail business.
Key Numbers
- FY 2023 — Fiscal Year (Reporting period for the 10-K filing.)
- 001-39878 — SEC File Number (Identifies the company's filings with the SEC.)
Key Players & Entities
- Petco Health & Wellness Company, Inc. (company) — Filer of the 10-K
- 20240203 (date) — Conformed period of report
- 20240403 (date) — Filed as of date
- San Diego, CA (location) — Company headquarters and mailing address
- 0001826470 (company) — Central Index Key
FAQ
What is the primary business of Petco Health & Wellness Company, Inc. as indicated in the filing?
The company is classified under the SIC code 5990, RETAIL-RETAIL STORES, NEC, indicating its primary business is retail stores, specifically focused on health and wellness.
When was the period of report for this 10-K filing?
The conformed period of report is 20240203, meaning the filing covers the fiscal year ending on or around February 3, 2024.
What is the company's principal executive office address?
The business address is listed as 10850 VIA FRONTERA, SAN DIEGO, CA 92127.
What is the Central Index Key (CIK) for Petco Health & Wellness Company, Inc.?
The Central Index Key for the company is 0001826470.
What SEC Act does this 10-K filing fall under?
This 10-K filing is made under the 1934 Act.
From the Filing
0000950170-24-040516.txt : 20240403 0000950170-24-040516.hdr.sgml : 20240403 20240402184203 ACCESSION NUMBER: 0000950170-24-040516 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 96 CONFORMED PERIOD OF REPORT: 20240203 FILED AS OF DATE: 20240403 DATE AS OF CHANGE: 20240402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Petco Health & Wellness Company, Inc. CENTRAL INDEX KEY: 0001826470 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 811005932 STATE OF INCORPORATION: DE FISCAL YEAR END: 0128 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39878 FILM NUMBER: 24816265 BUSINESS ADDRESS: STREET 1: 10850 VIA FRONTERA CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 1-858-453-7845 MAIL ADDRESS: STREET 1: 10850 VIA FRONTERA CITY: SAN DIEGO STATE: CA ZIP: 92127 FORMER COMPANY: FORMER CONFORMED NAME: PET Acquisition LLC DATE OF NAME CHANGE: 20200929 FORMER COMPANY: FORMER CONFORMED NAME: Petco Acquisition LLC DATE OF NAME CHANGE: 20200929 10-K 1 woof-20240203.htm 10-K 10-K FY 0001826470 false 2023 http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent P2Y 3 5 0001826470 us-gaap:CommonStockMember 2022-01-29 0001826470 us-gaap:OtherCurrentAssetsMember woof:RestrictedCashMember 2023-01-28 0001826470 woof:ServicesAndOtherMember 2022-01-30 2023-01-28 0001826470 woof:AmendedRevolvingCreditFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember woof:LesserThanSixtySixPointSevenPercentageButGreaterThanOrEqualToThirtyThreePointOfLineCapMember srt:MinimumMember 2023-01-29 2024-02-03 0001826470 us-gaap:ParentMember 2022-01-30 2023-01-28 0001826470 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember woof:NonQualifiedDeferredCompensationPlanMember 2023-01-28 0001826470 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-28 0001826470 us-gaap:BaseRateMember woof:AmendedRevolvingCreditFacilityMember woof:GreaterThanOrEqualToSixtySixPointSevenPercentageOfLineCapMember 2023-01-29 2024-02-03 0001826470 woof:TwoThousandTwentyOneEquityIncentivePlanMember 2023-01-28 0001826470 us-gaap:EmployeeStockMember 2023-01-29 2024-02-03 0001826470 woof:SeniorSecuredAssetBasedRevolvingCreditFacilityMember 2021-03-04 2021-03-04 0001826470 woof:OtherAwardsMember 2022-01-30 2023-01-28 0001826470 woof:AccruedExpensesAndOtherLiabilitiesMember woof:GeneralAndAutoLiabilityReservesMember 2023-01-28 0001826470 woof:TwoThousandTwentyOneEquityIncentivePlanMember 2024-02-03 0001826470 woof:AccruedExpensesAndOtherLiabilitiesMember woof:GeneralAndAutoLiabilityReservesMember 2024-02-03 0001826470 us-gaap:BaseRateMember woof:AmendedRevolvingCreditFacilityMember woof:GreaterThanOrEqualToSixtySixPointSevenPercentageOfLineCapMember srt:MinimumMember 2023-01-29 2024-02-03 0001826470 woof:FirstLienTermLoanMember 2023-03-01 2023-03-31 0001826470 us-gaap:AccumulatedTranslationAdjustmentMember 2023-01-28 0001826470 srt:MaximumMember us-gaap:EquipmentMember 2024-02-03 0001826470 us-gaap:LeaseholdImprovementsMember 2024-02-03 0001826470 us-gaap:EmployeeStockOptionMember 2022-01-30 2023-01-28 0001826470 woof:InvestmentsOfOfficersLifeInsuranceMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2023-01-28 0001826470 us-gaap:FairValueInputsLevel1Member us-gaap:MoneyMarketFundsMember us-gaap:FairValueMeasurementsRecurringMember 2023-01-28 00018264