FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended May 2, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission File Number: 001-39878 Petco Health and Wellness Company, Inc.(Exact Name of Registrant as Specified in its Charter) Delaware(State or other jurisdiction ofincorporation or organization)10850 Via FronteraSan Diego, California(Address of principal executive offices)Registrant’s telephone number, including area code: (858) 453-7845 81-1005932(I.R.S. EmployerIdentification No.) Securities registered pursuant to Section 12(b) of the Act: The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐Emerging growth company☐ Accelerated filer☒Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒The number of shares of the registrant’s Class A Common Stock outstanding as of June 3, 2026 was 247,774,472.The number of shares of the registrant’s Class B-1 Common Stock outstanding as of June 3, 2026 was 37,790,781.The number of shares of the registrant’s Class B-2 Common Stock outstanding as of June 3, 2026 was 37,790,781. Table of Contents PART I.FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)Consolidated Balance SheetsConsolidated Statements of OperationsConsolidated Statements of Comprehensive LossConsolidated Statements of EquityConsolidated Statements of Cash FlowsNotes to Unaudited Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II.OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures Forward-Looking Statements This Quarterly Report on Form 10-Q (this “Form 10-Q”) contains “forward-looking statements” within the meaning of thePrivate Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, andSection 21E of the Securities Exchange Act of 1934, as amended, concerning expectations, beliefs, plans, objectives, goals,strategies, future events or performance, and underlying assumptions and other statements that are not statements of historical fact,including, but not limited to, statements regarding: our expectations with respect to our revenue, expenses, profitability, and otheroperating results; our growth plans; our ability to compete effectively in the markets in which we participate; the execution on ourtransformation initiatives; and the impact of certain macroeconomic factors, including tariffs, inflationary and interest ratepressures, consumer spending patterns, global supply chain constraints, and global economic and geopolitical developments, on ourbusiness. Forward-looking and other statements in this Form 10-Q may also address our progress, plans, and goals with respect tosustainability initiatives, and the inclusion of such statements is not an indication that these contents are necessarily material toinvestors or required to be disclosed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). Such plans andgoals may change, and statements regarding such plans and goals are not guarantees or promises that they will be met. In addition,historical, current, and forward-looking sustainability-related statements may