Petco Health and Wellness pany(WOOF) - 2023 Q2 - Earnings Call Transcript
Petco Health and Wellness pany(WOOF)2023-08-24 22:56
Our next question comes from Seth Basham from Wedbush Securities. Please go ahead with your question. Michael Lasser Good morning. Thanks a lot for taking my question. So Petco's adjusted EBITDA margin for this year is now expected to be around 200 basis points below the level it was in 2019. As you diagnose why that is, what's changed though at the business to drive such significant margin compression? How much of it relates to external factors like increased competition? And how does all of this inform yo ...