Petco Posts Better-Than-Expected Results on Sales of Services
WOOFPetco Health and Wellness pany(WOOF) investopedia.com·2024-05-23 02:46

Key Takeaways Petco had a smaller-than-expected quarterly loss and higher revenue than anticipated as sales of its pet services increased. The provider of pet food and other pet supplies, along with veterinary services, also gave current-quarter guidance ahead of forecasts. Petco cut costs as reductions in pet adoptions and higher prices have negatively impacted the pet care sector. Shares of Petco Health + Wellness Company (WOOF) skyrocketed in intraday trading Wednesday after the pet supplies and veterina ...