Petco Health and Wellness Co Inc (NASDAQ:WOOF) shares are trading higher Thursday after the pet retailer posted fourth‑quarter results that included a slight revenue beat.
Petco Health and Wellness shares are climbing with conviction. Why are WOOF shares rallying?
Revenue Beat Offsets Earnings Miss
Petco reported a quarterly loss of 1 cent per share, falling short of analysts’ expectations for a 2 cent profit. Revenue, however, came in at $1.515 billion, just above the $1.513 billion consensus estimate.
Company Says Turnaround Work Is Done, Growth Phase Begins
Petco Stock Surges On Better-than-Expected Q4 Sales
