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Petco reports lower earnings, revenue decline, but aims for $375M-$390M EBITDA by 2025.
Petco Health and Wellness (WOOF) reported lower-than-expected earnings for the quarter, with an EPS of ($0.05) and revenue of $1.55 billion, slightly below forecasts.
The company's revenue declined 7.3% year-over-year, and its stock price fell to $2.44.
Despite the miss, Petco's CEO highlighted progress in operational improvements and set a target to achieve $375 million to $390 million in adjusted EBITDA by 2025.
The stock has a consensus target price of $4.28 and an average rating of "Hold."
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Petco reporta ingresos más bajos, disminución de ingresos, pero apunta a $375M-$390M EBITDA para 2025.