Petco Health and Wellness revised Q3 earnings guidance with slightly below expectations EPS and revenue.
Petco Health and Wellness (NASDAQ: WOOF) has revised its Q3 earnings guidance, estimating an EPS of $(0.04)-(0.03) and revenue around $1.50 billion, slightly below analyst expectations. After reporting a Q2 net loss of $24.8 million on revenues of $1.52 billion, the stock rose to $3.07. Analysts have mixed ratings on WOOF, with an average target price of $3.36. CEO Joel Anderson remains optimistic about future profitability and market share growth.
September 10, 2024
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