Grupo Petz Cobasi posts first joint quarterly sales growth

Grupo Petz Cobasi, the newly combined Brazilian pet retail group formed after the Petz-Cobasi merger closed in January 2026, reported its first joint quarterly results with gross revenue of R$2.02 billion in the first quarter, up 9.7% year over year. The company said growth was balanced across both legacy banners, with Petz contributing R$1.1 billion and Cobasi R$916.0 million, while digital sales rose 12.7% and physical-store sales increased 8.0%. Services and other revenue grew 24.6%, and the company highlighted continued expansion in higher-complexity veterinary care through Petz’s Seres brand, including ICU, surgery, and diagnostic procedures, alongside broader rollout of bath-and-grooming microfranchises and rising private-label penetration. (api.mziq.com)

Why it matters: For veterinary professionals, the results show that large retail-led pet care platforms in Brazil are continuing to push deeper into clinical and hospital-adjacent services, not just product sales. Grupo Petz Cobasi said Seres is increasing its mix of more complex procedures and that its pet health-plan offering has expanded to more than 70 units, while the combined company also continues to scale service-led store formats. That matters because it points to a more integrated care-and-commerce model in which veterinary services are becoming a larger driver of traffic, recurrence, and profitability inside major retail networks. (api.mziq.com)

What to watch: The next key question is whether the group can convert merger integration, health-plan expansion, and service scaling into sustained margin gains while navigating CADE’s merger remedies, including the required divestiture of 26 stores in São Paulo. (gov.br)