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0.00165016501650161 0.00165016501650161 0.00990099009900984 0.0138613861386138 -0.0115511551155116 -0.0478547854785479 -0.033003300330033 -0.0445544554455446
Stock impact report

Why Petco Stock Was Soaring Today [Yahoo! Finance]

Petco Health and Wellness Company, Inc. - Class A (WOOF) 
Last petco health and wellness company, inc. - class a earnings: 7/26 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.vcaantech.com
Company Research Source: Yahoo! Finance
earnings report, though the company is still struggling with declining revenue and profits. As of 11:37 a.m. ET, the stock was up 30.6%. Petco starts to climb out of a deep hole Pet retailers' stocks have struggled since the pandemic boom as a spike in pet adoption during the lockdown period has given way to an extended period of slow growth, and Petco has been unable to escape those headwinds. However, the shares have apparently fallen far enough that investors are reacting positively to the business still shrinking. In the first quarter, revenue fell 1.7% to $1.53 billion, but that topped analysts' consensus estimate of $1.51 billion. Petco's gross margin dropped from 38.8% to 37.8% as costs to provide services rose 8%, which could have been driven by higher labor expenses. On the bottom line, adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) fell from $111 million in the year-ago period to $75.6 million, and adjusted earnings per shar Show less Read more
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