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Petco Health And Wellness Company Inc   (WOOF)
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Petco Health And Wellness Inc 's

Competitiveness


 

WOOF Sales vs. its Competitors Q1 2021



Comparing the results to its competitors, Petco Health And Wellness Inc reported Total Revenue increase in the 1 quarter 2021 by 0 % year on year.
The revenue growth was below Petco Health And Wellness Inc 's competitors average revenue growth of 0 %, recorded in the same quarter.

List of WOOF Competitors

With net margin of 0.43 % company reported lower profitability than its competitors.

More on WOOF Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Petco Health And Wellness Company Inc Net Income in the 1 quarter 2021 grew year on year by 0 %, slower than its competitors income growth.

<<  More on WOOF Income Comparisons


Petco Health And Wellness Inc 's Comment on Competitors and Industry Peers


The companion animal healthcare industry is highly competitive and subject to continual change in the manner in which services are delivered and providers are selected. We believe that the primary factors influencing a customer’s selection of an animal hospital are convenient location and hours, personal recommendations, reasonable fees and quality of care. Our primary competitors for our animal hospitals in most markets are individual practitioners or small, regional multi-clinic practices. In addition, some national companies in the pet care industry such as Banfield Pet Hospitals and National Veterinary Associates, are developing networks of animal hospitals in markets that include our animal hospitals. We also compete with sellers of pet-related products and diagnostic services delivered via the Internet.

Among veterinary diagnostic laboratories, we believe that quality, price, specialist support and the time required to deliver results are the major competitive factors. There are many clinical laboratories that provide a broad range of diagnostic testing services in the same markets serviced by us, and we also face competition from several providers of on-site diagnostic equipment that allows veterinarians to perform various testing. Our principal competitor in most geographic locations in the United States is IDEXX Laboratories.

Our Medical Technology business is a leader in the market for medical imaging equipment in the animal healthcare industry. Our primary competitors are companies that are much larger than us and have substantially greater capital, manufacturing, marketing and research and development resources than we do, including companies such as Siemens, Philips and Canon. The success of our Medical Technology business, in part, is due to its focus on the veterinary market, which allows us to differentiate our products and services to meet the unique needs of this market. If this market receives more focused attention from these larger competitors, we may find it difficult to compete and as a result our business, financial condition and results of operations could be adversely and negatively impacted.

 

 





*Market share calculated with total revenue.


WOOF's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Petco Health And Wellness Company Inc 3,479 5,558 172 -
SUBTOTAL 3,479 5,558 172 -


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