Petco Health and Wellness Q2 Adj $(0.02), Sales $1.524B Misses $1.525B Estimate
Portfolio Pulse from Benzinga Newsdesk
Petco Health and Wellness reported a Q3 loss of $(0.09) per share, missing the $(0.02) estimate, and sales of $1.524 billion, slightly below the $1.525 billion estimate. The loss per share increased by 80% compared to last year, while sales grew by 1.99%.
September 10, 2024 | 8:07 pm
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Petco Health and Wellness reported a significant miss on Q3 earnings per share, with a loss of $(0.09) compared to the expected $(0.02). Sales were slightly below expectations at $1.524 billion. The increased loss per share and slight sales miss could negatively impact the stock price in the short term.
The significant miss on earnings per share, with a loss of $(0.09) compared to the expected $(0.02), indicates a worse-than-expected financial performance. Although sales were close to estimates, the increased loss per share by 80% compared to last year suggests financial challenges. This is likely to result in negative sentiment and short-term pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100