{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"WOOF Stock: Petco Q2 FY2026 Earnings - Profit Tripled, Two Thirds From Tax","slug":"woof-stock-petco-q2-fy2026-earnings-profit-tripled-two-thirds-from-tax","published_at":"2026-09-04T00:28:27+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/woof-stock-petco-q2-fy2026-earnings-profit-tripled-two-thirds-from-tax","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/woof-stock-petco-q2-fy2026-earnings-profit-tripled-two-thirds-from-tax/","audio_url":"https://mcdn.podbean.com/mf/web/vp8ap1hm5a4qb3xb/audio_x.mp3","summary":"Petco (WOOF) Q2 FY2026 — It gapped more than 20% higher on the print and handed the whole move back within the session. Petco reported second-quarter net income of $38.7M against $14.0M a year ago - but $16.5M of that $24.7M increase is the income tax line, which swung from a $0.7M charge to a $15.7M credit. Strip the $6.8M IEEPA tariff refund the company quantifies and operating income actually fell 4.7%. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$3.00 vs ~$2.57 today. KEY METRICS: - Net sales $1,489.2M, +0.05% YoY - below the ~+0.3% Petco guided in June - Comparable sales +0.6% - a second consecutive positive quarter - Adjusted EBITDA $122.2M vs a $110-112M guide; $115.4M without the tariff refund - Net income $38.7M vs $14.0M - but $16.5M of the $24.7M rise is income tax - Operating income $47.8M; ex the $6.8M IEEPA refund $41.0M, down 4.7% YoY - H1 free cash flow $60.8M vs $9.9M; net debt $1,186.4M = 2.80x adjusted EBITDA - FY2026 outlook reaffirmed at $415-430M adjusted EBITDA for a third time What to watch: the Q3 release in late November - does adjusted EBITDA clear the $100-103M guide without a tariff refund, and does the reaffirmed full-year range finally move Also on YouTube: @ChargedAlpha DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.","meta_description":"Petco (WOOF) Q2 FY2026 — It gapped more than 20% higher on the print and handed the whole move back within the session. Petco reported second-quarter net…","key_points":[],"chapters":[],"topics":[],"duration_seconds":861,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/woof-stock-petco-q2-fy2026-earnings-profit-tripled-two-thirds-from-tax/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/woof-stock-petco-q2-fy2026-earnings-profit-tripled-two-thirds-from-tax.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}