Petco Stock Jumps After Q2 Earnings Beat Estimates
Earnings beat estimates, indicating operational resilience despite revenue shortfall. Historically, positive earnings outlooks often lead to price appreciation.
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Earnings beat estimates, indicating operational resilience despite revenue shortfall. Historically, positive earnings outlooks often lead to price appreciation.
What happened, with direct paths to the underlying reporting
Petco (WOOF) reported Q4 earnings of five cents per share. Revenue was $1.48 billion, missing estimates of $1.49 billion. Comparable sales decreased by 1.4% year-over-year. Gross profit margin improved to 39.3% from last year. Stock price surged by 17.96% to $3.81 in after-hours trading.
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