SAN DIEGO, Jan. 12, 2026 /PRNewswire/ — Petco (NASDAQ:WOOF) today announced the launch of a debt refinancing transaction to extend maturities and reaffirmed its guidance for the fourth quarter and full fiscal year 2025 ending January 31, 2026.
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Petco intends to refinance $1.5 billion of its current term loan outstanding subject to market and other conditions and therefore can provide no assurances that it will complete the refinancing in whole or in part. Petco previously completed a $50 million voluntary prepayment in December 2025 with cash on hand and may elect to prepay an additional amount under its $100 million board authorization.
In connection with any potential refinancing transaction, Petco is reaffirming its guidance for Net Sales and Adjusted EBITDA for the fourth quarter and full fiscal year 2025 outlook.
“We are pleased with what the team has been able to accomplish year to date in fiscal 2025. This performance continues to be 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.
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FY 2025 Outlook* |
Q4 2025 Outlook* |
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Net Sales |
Down 2.5% – 2.8% |
Down low single digits year over year |
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Adjusted EBITDA |