Petco: From Kibble Chaos to (Maybe) Cash

Let’s dissect the numbers, shall we? In fiscal 2025 (ending January 31, 2026), Petco went from a $101.8 million loss to a mere $9.1 million profit. Nine million! That’s like finding a nickel under the couch cushions. But hey, it’s a start. Operating cash flow surged 77% to $314.1 million – enough to buy a decent-sized yacht…or, you know, pay down some debt. Speaking of which, they voluntarily chipped away at $95 million in debt and ended the year with $256.7 million in cash – a $91 million increase. Inventory dropped 9.7% while sales dipped only 2.5%. They’re selling less, but selling it leaner. It’s like a magician pulling rabbits out of a hat…except the hat is a balance sheet.








