Petz Cobasi grows 7.8% and starts closing stores

Brazilian pet retailer Grupo Petz Cobasi increased gross revenue by 7.8% year on year to R$2.1 billion (€349 m) in the second quarter of 2026 and closed the first stores under a network rationalisation programme. The group, created by the merger of Petz and Cobasi and listed as União Pet Participações, describes itself as Brazil’s largest pet ecosystem and compares its results with unaudited pro forma management figures for 2025 that treat both chains as a single business.

The Cobasi banner grew 8.6% to R$965.6 m (€160 m) and Petz 7.2% to R$1,142.0 m (€189 m). Same-store sales rose 7.1%. Digital sales were up 9.2% at R$855.6 m (€142 m), or 40.6% of gross revenue, while store sales increased 7.4%. According to the company, growth came from higher volumes, as its internal inflation remained in the 1 to 2% range over the past twelve months and suppliers did not raise prices.

Adjusted EBITDA…