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Average Inventory Per Store
Reflects the typical stock level maintained in each store, indicating inventory management efficiency and readiness to meet customer demand.Average inventory per store has trended materially higher with recurring spring buildups and a fresh acceleration into Q1 2026 — consistent with deliberate stocking for record new‑store growth, expansion of digital/final‑mile capabilities and seasonal big‑ticket demand. Management’s record openings, a new distribution center and ramped fulfillment investments explain the lift, but elevated per‑store inventory heightens working‑capital and margin risk given softer companion‑animal sales and modest comps; watch H2 margin improvement and inventory‑to‑sales conversion for evidence the strategy pays off.
Date | Average Inventory Per Store |
|---|---|
Jun 30, 2026 | 1.23M |
Mar 31, 2026 | 1.28M |
Dec 31, 2025 | 1.12M |
Sep 30, 2025 | 1.20M |
Jun 30, 2025 | 1.16M |
Mar 31, 2025 | 1.20M |
Dec 31, 2024 | 1.06M |
Sep 30, 2024 | 1.16M |
Jun 30, 2024 | 1.14M |
Mar 31, 2024 | 1.18M |