Petco CEO Makes Major Insider Stock Purchases – A Bullish Signal?

Petco Health and Wellness Company (WOOF:US), a leader in pet care since 1965 with a market cap of $907.43 million, has recently drawn investor attention—not through a new campaign but due to substantial insider buying. The company is looking to rebound from recent financial challenges, and its top executive appears to believe in that potential.

Insider Buying Activity

On March 28, 2025, CEO Joel Anderson acquired 736,547 shares at $2.91 per share, totaling $2.14 million. Just days later, on March 31, he made another purchase of 849,951 shares across three transactions at an average of $3.03 per share—spending approximately $2.57 million. This marks Petco’s first insider buying activity of 2025, and such large-scale purchases from a CEO are typically seen as a positive signal.

Anderson, who took the helm in July 2024, brings over three decades of retail experience. Known for scaling operations at Five Below and leading Walmart.com, his background suggests a focus on growth, innovation, and profitability.

Financial Performance & Outlook:

For Q4 2024, Petco reported $1.6 billion in revenue, down 7.3% year-over-year, with a modest 0.5% rise in comparable sales. Although the company posted a net loss of $13.8 million, it marked an improvement over the prior year. For the full year, revenue reached $6.1 billion, with adjusted EBITDA of $336.5 million. CEO Anderson believes the company is well-positioned for double-digit EBITDA growth in 2025 as it refocuses on retail excellence and operational efficiency.

Sustainability Initiative:

In March, Petco launched its first-ever national trade-in and recycling event for dog collars, leashes, and harnesses. In partnership with TerraCycle, this eco-friendly initiative encourages pet parents to refresh their pet gear while supporting a greener planet.With its CEO making bold stock purchases and a renewed focus on profitability and sustainability, investor sentiment leans bullish. Anderson’s move could reflect a belief in a turnaround—and investors may want to watch closely.