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In June 2026, Petco's shares declined by 6.1% after Q1 2026 results showed an EPS miss and worsening net profits, despite revenue exceeding expectations and improved operating cash flow and EBITDA. Conversely, in September 2026, shares surged by 8.8% following Q2 2026 earnings, driven by an EPS beat and market enthusiasm for improved profitability and debt reduction. Despite these fluctuations, the stock generally trended downwards, decreasing by 20.00% in the month leading up to September 19, 2026, and by 9.92% over the preceding three months. Ahead of the Q2 2027 earnings report, the stock traded near multi-year lows due to cautious investor positioning, a broader market selloff, and pressure on consumer discretionary and small-cap stocks. Insider selling and being dropped from the Russell 3000E Growth Benchmark also contributed to pressure. The company underwent leadership changes, including a new Executive Chairman, to accelerate cost reduction and growth, and reaffirmed its fiscal 2026 guidance of flat to 1.5% sales growth and adjusted EBITDA between $415 million and $430 million.