Petco Health and Wellness Sees Q1 Revenue Of $1.5B Vs. $1.56B Est; Q1 Adj EPS OF $(0.06) Vs. $(0.01) Est.
Portfolio Pulse from Benzinga Newsdesk
Petco Health and Wellness reported its Q1 revenue at $1.5 billion, falling short of the estimated $1.56 billion. Additionally, its adjusted EPS was $(0.06), missing the $(0.01) estimate.
March 13, 2024 | 11:07 am
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NEGATIVE IMPACT
Petco's Q1 earnings report showed lower than expected revenue and adjusted EPS, missing analyst estimates.
Missing both revenue and EPS estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100