Petco Health and Wellness Company, Inc.

Petco Health and Wellness Company, Inc.

PR Newswire

GAAP net loss of $1.7 billion increased 6.1 percent year over year including the 14 th week Comparable sales increased 4.4 percent on a two-year basis. Management believes that Adjusted EBITDA is a meaningful measure to share with investors because it facilitates comparison of the current period performance with that of the comparable prior period. The company has provided this non-GAAP financial measures that are not considered superior to the most comparable GAAP measures.

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