Petco Health and Wellness Company, Inc. - Class A Common Stock (WOOF)
3.1250
+0.6850 (28.07%)
Petco Health and Wellness Company is a leading provider of pet-related products and services, dedicated to enhancing the lives of pets and their owners
The company operates a network of retail stores offering a wide range of pet food, supplies, and health products, alongside grooming and veterinary services. Petco emphasizes a holistic approach to pet care, promoting wellness and preventive health solutions while also supporting pet adoption and rescue initiatives. With a commitment to the growing pet parent community, Petco endeavors to be a trusted resource for pet care, education, and overall pet health management.
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Pet-focused retailer Petco (NASDAQ:WOOF) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 7.3% year on year to $1.55 billion. On the other hand, next quarter’s revenue guidance of $1.49 billion was less impressive, coming in 4.2% below analysts’ estimates. Its GAAP loss of $0.05 per share was significantly below analysts’ consensus estimates.
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match.
The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.
Retailers are overhauling their operations as technology redefines the shopping experience. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars.
This puts retail stocks in a tough spot, and over the past six months, the industry’s returns were flat while the S&P 500 gained 9%.
Over the past six months, Petco has been a great trade, beating the S&P 500 by 14.8%. Its stock price has climbed to $3.29, representing a healthy 31.6% increase. This performance may have investors wondering how to approach the situation.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Petco (NASDAQ:WOOF) and the rest of the specialty retail stocks fared in Q3.
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As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the specialty retail industry, including Leslie's (NASDAQ:LESL) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Tractor Supply (NASDAQ:TSCO) and the best and worst performers in the specialty retail industry.
Pet-focused retailer Petco (NASDAQ:WOOF) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 1.2% year on year to $1.51 billion. On the other hand, next quarter’s revenue guidance of $1.55 billion was less impressive, coming in 1.5% below analysts’ estimates. Its non-GAAP loss of $0.02 per share was $0.01 above analysts’ consensus estimates.
