Petco Health and Wellness Q4 Adj EPS $0.02, Inline, Sales $1.67B Beat $1.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Petco Health and Wellness (WOOF) reported Q4 adjusted earnings of $0.02 per share, meeting analyst estimates, but marking a 91.3% decrease from last year's $0.23. Quarterly sales reached $1.67 billion, exceeding the $1.62 billion estimate and showing a 6.08% increase from the previous year.
March 13, 2024 | 11:03 am
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NEUTRAL IMPACT
Petco Health and Wellness reported a significant decrease in earnings per share but an increase in sales for Q4, meeting and exceeding analyst estimates respectively.
The mixed results with earnings meeting expectations but significantly lower than the previous year, and sales exceeding estimates, suggest a neutral short-term impact. The decrease in earnings could concern investors, but the increase in sales might offset negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100