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Petco Printable Coupon: 50% off Entire In-Store Purchase EXPIRED

epicd2012 504 1,088 September 14, 2012 at 02:19 PM in Brick & Mortar (B&M) (9) More Petco Deals
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Promoted 09-15-2012 by yuugotserved at 11:04 AM View Original Post
Petco Stores [Store Locator] offer 50% off Your Entire Purchase with this Printable Coupon. Offer valid today only. Thanks scottl266 & velocityhead

Note, you must be Pals Rewards Member (free to join)
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Original Post

Edited September 16, 2012 at 11:15 AM by epicd2012
I received an e-mail from Petco with mystery savings at B&M stores on Saturday, September 15th 2012. The savings levels possible are 10%, 15%, 25%, 50% off your ENTIRE purchase. Thanks to velocityhead for figuring out the percentage levels!

This discount is only good on SATURDAY 9/15 and you need a PALS card [petco.com]! Remember to ACT SURPRISED when you get 50% off - it's supposed to be a mystery!

Coupon terms:
Mystery savings amount of 10%, 15%, 25%, or 50% will be applied at checkout. Present coupon and Pals Rewards card to receive this offer. Not valid on the purchase of gift cards, prior purchases, online or with any other coupon offer. Void if copied, transferred and where prohibited by law. Single-use coupon, limit one per household. Valid at either Petco or Unleashed by Petco. Valid on in-stock products only (not services, such as Grooming). Selection varies by store. Valid only on 9/15/12.

Update 9/16:
See my statement below in regards to the usage of this coupon.
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.

Community Wiki

Last Edited by timzwang September 23, 2012 at 11:24 AM
For all those saying Petco lost a ton of money on this:
Quote from Phasers View Post :
Petco is not publically traded, but petsmart is, and has a profit margin of about 30%. Because of this I think we can reasonably assume that petco's profit margin is about the same.

Keeping in mind that overall profit margin factors in labor and real estate costs, as well as utilities and of course merchandise costs, then it is very safe to assume that the merchandise markup must be way more than 30% to offset these other expenses in order to have an overall 30% profit margin. Aside from the variable cost of merchandise, the labor and real estate costs and utilities are fairly fixed costs: i.e. Paid regardless of sales volume amount (paid if the store has $0 sales or $10,000 sales).

Therefore, I think it is quite reasonable to assume the markup on retail items is probably at least 100% vs wholesale costs. So this coupon for 50% off probably means for one day Petco averaged selling at around wholesale price. Good for revenue, bad for profit margin, probably didn't lose much money, if any.

To clarify the math- for every $100 petco currently sells we can assume $30 is profit, based on petsmarts profit margin.

Now let's assume that out of that $70, only $40 is the wholesale cost of merchandise. This means $30 is allocated to the fixed costs of labor, etc I laid out above.

Continuing on, let's say Petco sells the $100 of merchandise for $50. The variable cost of the merchandise in this case is still $40, so petco is 'making' $10 off the sale. Now that $10 might not cover the $30 in fixed costs above, but those fixed costs would have been paid REGARDLESS. This means if petco had not sold anything, they still would have paid that $30.

Now, assume because of this promotion, petco sold 5 times as much stuff as it would normally have sold. This means $500 worth of merchandise where it would have normally sold only $100.

The sales price was $250, the variable cost was $200 ($40 x 5). The fixed cost remains the same, at $30. So petco still made $20 overall in this scenario, just at a lower profit margin.

Considering the lowest coupon amount was 10% off, anyone with a coupon at a normal sales volume level buying their regular $100 worth of stuff would have paid $90, and petco would have made the same $20 profit, albeit at a much higher margin percentage.

TL;DR: I may not have exact numbers, but I do in fact have a good idea what petco's margins are.
This ended on September 15th

Petco changed the 50% off page at about 2PM PST so it prints a 10% coupon. DO NOT USE 50% LINK IN THE OP - it's 10% now.

PETCO CHANGED THE DIRECT LINK TO THE COUPON GRAPHIC at ~5pm PST

THERE ARE NO LEGITIMATE SOURCES FOR THE COUPON NOW, ONLY PDF AND JPG IMAGES. Stores have been told to limit the coupon to a max savings of $25, so if you have a 50% off, only buy $50 worth of stuff. (Who wants to call corporate and complain if you are an actual P.A.L.S member?)




50% off works EVERYWHERE.

Screen grab of 50% coupon: http://slickdeals.net/forums/showpost.php?p=53237084&postcount=618

PDF file was printed directly from the OP link before Petco changed it. On the bottom part of the page, it has the petco website link.

If you're in Long Island NY - Go to the Wantagh Grand Opening - Special deals on everything, combined w/ coupon Realllllyy Slick

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#1516
I bought about 6 30lb bags of blue buffalo dog food, so this was an awesome deal.
Reply Helpful Comment? 0 0
#1517
Reply Helpful Comment? 0 0
#1518
Quote from stingygrrl View Post :
Got $77 off. Want to go to second store for more pricey dog food
Went to two different stores on same card. Blew $600 precoupon.

Bonus.
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#1519
Quote from epicd2012 View Post :
I received an e-mail from Petco with mystery savings at B&M stores on Saturday, September 15th 2012. The savings levels possible are 10%, 15%, 25%, 50% off your ENTIRE purchase. Thanks to velocityhead for figuring out the percentage levels!

This discount is only good on SATURDAY 9/15 and you need a PALS card [petco.com]! Remember to ACT SURPRISED when you get 50% off - it's supposed to be a mystery!

Coupon terms:
Mystery savings amount of 10%, 15%, 25%, or 50% will be applied at checkout. Present coupon and Pals Rewards card to receive this offer. Not valid on the purchase of gift cards, prior purchases, online or with any other coupon offer. Void if copied, transferred and where prohibited by law. Single-use coupon, limit one per household. Valid at either Petco or Unleashed by Petco. Valid on in-stock products only (not services, such as Grooming). Selection varies by store. Valid only on 9/15/12.

Update 9/16:
See my statement below in regards to the usage of this coupon.

If you used this coupon to buy, be sure to login to your Petco Pals account and check for rewards. I received $10 in rewards for my purchases, which were to expier 10.31.12. I redeemed them Saturday. Also--I was told by the local manager that their store doesn't ever let rewards expire; they'll honor them indefinitely. He said this is "at manager discretion" but if you want to save toward something bigger, and shop at Petco often, you may want to ask your local store whether they honor them indefinitely or observe the expiration dates.

Rewards = more free stuff!
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#1520
Tried it too late Frown No biggie I guess, but I will never go to Petco again, way overpriced at one register.
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#1521
Been to 3 diff Petco so far....I think I might go back to the first one I went to this morning and see if I can get a cpl other things.

So far I got a bunch of dog toys, some dog food, rabbit food, rabbit chew toys, blue dog kennel, and a cpl dog sweaters that were on sale for $3. So far spent about $100.

Not sure I want to risk going back again. But I'm happy with what I got.
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