Why Petco Stock Is Skyrocketing 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
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Source: Yahoo! Finance
The big gain came after the pet retailer announced its second-quarter results following the market close on Tuesday. Petco reported net revenue in Q2 of $1.52 billion, down 0.5% year over year. The company posted a net loss based on generally accepted accounting principles (GAAP) of $24.8 million, or $0.09 per share. Its adjusted net loss was $5.9 million, or $0.02 per share, which was in line with the average analysts' estimate. The company looks for net revenue in the third quarter of 2024 of around $1.5 billion, slightly below the consensus estimate of $1.51 billion. It expects an adjusted loss per share of between $0.03 and $0.04. Analysts project an adjusted loss of $0.03 per share in Q3. Why is Petco stock skyrocketing? You might be wondering why Petco stock is skyrocketing after delivering mixed Q2 results and providing Q3 guidance that fell a little short of expectations. The short answer is that investors liked what they heard in the company's earnings call. New CEO
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- Petco Makes 'Gotcha Day' Even Easier and More Affordable with New Industry-Leading 'Welcome to the Family' Program [Yahoo! Finance]Yahoo! Finance
- Petco Names Joe Venezia Chief Revenue Officer [Yahoo! Finance]Yahoo! Finance
- Petco Names Joe Venezia Chief Revenue OfficerPR Newswire
- Are Investors Undervaluing Petco Health and Wellness Co. (WOOF) Right Now? [Yahoo! Finance]Yahoo! Finance
- Petco Health and Wellness Company, Inc. to Host Third Quarter 2024 Earnings Conference Call on December 5, 2024PR Newswire
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