04:31 PM EDT, 06/05/2025 (MT Newswires) -- Petco Health & Wellness (WOOF) reported late Thursday fiscal Q1 net loss of $0.04 per diluted share, narrowing from a loss of $0.17 a year earlier.

Analysts polled by FactSet expected a loss of 0.02.

Net sales for the three months ended May 3 were $1.49 billion, down from $1.53 billion a year earlier.

Analysts expected $1.50 billion.

For fiscal Q2 and fiscal 2025, the company expects net sales to drop in the low single digits. Analysts are looking for $1.5 billion and $6.02 billion, respectively.

The company's shares were down more than 3% in after-hours activity.