Petco Health and Wellness Company, Inc.
(Note: The S-1 is filed under the name of PET Acquisition LLC. The company will change its name to Petco Health and Wellness Co. before the registration statement becomes effective, the prospectus says.)
We are a beloved brand in the U.S. pet care industry with more than 55 years of service to pets and the people who love and care for them. Since our founding in 1965, we have been developing new standards in pet care, delivering comprehensive wellness solutions through our products and services, and creating communities that deepen the pet-parent bond. Over the last three years, we have transformed the business from a successful traditional retailer to a disruptive, fully-integrated, digital-focused provider of pet health and wellness offerings. We revamped our leadership team and invested over $300 million to build out leading capabilities across e-commerce and digital, owned brands, data analytics, and a full suite of on-site services, including veterinary care.
Our data-driven digital footprint, consisting of an entirely redesigned e-commerce site and personalized mobile app, delivers an exceptional customer experience and serves as a hub for pet parents to manage their pets’ health, wellness, and merchandise needs, while enabling them to shop wherever, whenever, and however they want. By strategically leveraging our extensive physical network consisting of approximately 1,470 pet care centers located within three miles of 54% of our customers, we are able to offer our comprehensive product and service offering in a localized manner with a meaningful last-mile advantage over our competition. Through our connected platform, we serve our customers in a differentiated manner by offering the convenience of ship-from-store, buy-online, pick-up in-store (“BOPUS”), and curbside pick-up.
(Note: Petco priced its IPO at $18 – above its $14-to-$17 range – on the same number of shares – 48 million shares – to raise $864 million.)
|Industry:||Retail - Pet Products & Services|
|Address||10850 Via Frontera San Diego, California 92127|
|Phone Number||(858) 453-7845|
|View Prospectus:||Petco Health and Wellness Company, Inc.|
|Revenues||$4731.2 mil (last 12 months)|
|Net Income||$-27.5 mil (last 12 months)|
|Price range||$18.00 - $18.00|
|Est. $ Volume||$864.0 mil|
|Manager / Joint Managers||Goldman Sachs/ BofA Securities|
|CO-Managers||Citigroup/ Evercore ISI/ Credit Suisse/ UBS Investment Bank/ Wells Fargo Securities/ Baird/ Guggenheim Securities/ AmeriVet Securities/ C.L. King & Associates/ R. Seelaus & Co. LLC/ Ramirez & Co. Inc. / Siebert Williams Shank|
|Expected To Trade:||1/14/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|