Petco Slides as CEO Comments Show Turnaround Not Finished
Petco Health & Wellness Co. shares fell as much as 18% in postmarket trading after the company’s second-quarter forecast fell below consensus estimates, outweighing a better-than-expected first quarter including a...
By Judy Lagrou · Bloomberg Markets
Petco Health & Wellness Co. shares fell as much as 18% in postmarket trading after the company’s second-quarter forecast fell below consensus estimates, outweighing a better-than-expected first quarter including a return to positive revenue growth for the first time in nearly two years.