Petco Closing Stores Nationwide: List of Locations Impacted
Summary
Petco plans to close over 25 unprofitable stores in 2025 as part of efforts to improve its business model and increase profits. The company is dealing with financial pressures, including tariffs, and aims to strengthen its operations across the 1,400 U.S. locations. Petco's second-quarter financial results showed a decrease in net sales and comparable sales.Key Facts
- Petco will close more than 25 stores in 2025 to increase profitability.
- The company currently operates about 1,400 stores in the U.S.
- 13 specific locations have been confirmed closed so far.
- U.S. tariffs are impacting Petco's financial performance, expected to increase later in 2025.
- In the second quarter, Petco's net sales were $1.5 billion, a 2.3% decrease from the previous year.
- Petco projects full-year sales will decline slightly, but it raised its earnings forecast to $385-$395 million.
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