Petz Cobasi Q2 2026 Profit Rises 8.4% to R$70 Million

Brazil's largest pet retailer, formed by merging the Petz and Cobasi chains, reported an 8.4% increase in adjusted profit for Q2 2026, reaching R$70.3 million (approximately US$13.6 million). Despite a quarter where prices barely moved, Brazilians continued to spend on their pets, demonstrating resilience in consumer spending even during a period of high interest rates and tight budgets.

The company's adjusted operating earnings rose 11% to R$186.7 million (about US$36.2 million), with net revenue climbing 7.9% to R$1.7 billion (approximately US$329 million).

Sales at stores open for at least a year, a key retail metric, grew 7.1%, driven by higher volumes rather than price increases, as pet product prices remained largely flat. Digital sales accounted for 40.6% of the business, a share that many traditional brick-and-mortar chains would find impressive. The merger of Petz and Cobasi created scale, resulting in more stores, increased buying power, and a larger online operation.

This strategic combination has led to a stronger, better-managed company with a net cash position of R$286.1 million (about US$55 million), an increase of over 80% from the previous quarter.