WOOF Search Earning | ticker

Login

Nvidia Target Corp. Dolby Laboratories Onsemi Home Depot Walt Disney StubHub Applied Materials Sweetgreen

Petco Health and Wellness Company Inc.

WOOF

Petco Health and Wellness Company plunged 16.7% to $3.20 after the specialty retailer reported weaker-than-expected quarterly earnings.

Revenue in the fiscal third quarter ending in October declined 0.5% to $1.49 billion from $1.50 billion, and same-store sales were flat from a year ago but rose 4.1% from two years ago.

The company swung to a net loss of $1.2 billion from a profit of $19 million, and diluted earnings per share dropped to a loss of $4.63 from a profit of 7 cents a year ago.

During the quarter, Petco recorded a $1.2 billion non-cash goodwill impairment charge associated with goodwill originally recorded in fiscal 2015, due to the decline in the company's stock price.

The company reiterated its 2023 revenue guidance to between $6.15 billion and $6.275 billion, adjusted earnings per share to 8 cents from the previous estimate between 24 cents and 30 cents, and confirmed its capital expenditure between $215 million and $225 million.
Nov 29, 2023

More

Year	Q1	Q2	Q3	Q4	Annual

2023	0.13	-0.01	-0.05	-4.63	-
2022	0.11	0.09	0.05	0.07	0.34
2021	-0.04	0.03	0.28	0.2	0.62
2020	-	-	-	-	-0.13
2019	-	-	-	-	-0.46
2018	-	-	-	-	-