Petco Health and Wellness Company Inc at Robert W Baird Global Consumer, Technology & Services Conference (Virtual) Transcript
All right. Good morning, everyone, and welcome to day 3 of Baird's Global Consumer Technology and Services Conference. I'm Peter Benedict, senior retail analyst here at Baird, and very pleased to welcome the team from Petco to the conference.
Following his arrival in 2018, CEO, Ron Coughlin, helped lead Petco through a comprehensive business transformation. And the results, thus far, have been pretty impressive. Fast forward to today, Petco has over 1,400 pet care centers, a vibrant omnichannel offering, a rapidly growing vet hospital network and around $5 billion in annual revenue, making them a uniquely positioned scale player in the North American pet supply services and health care industry.
The company IPOed earlier this year. They delivered an impressive beat-and-raise a few weeks ago, and they reported their first quarter results, and we think they are well positioned for continued growth and market share in the years ahead.
We're fortunate to have Ron here with us
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