Petco Health And Wellness Company Sees Q3 EPS $(0.03)-$(0.04) Vs $(0.03) Est.; Revenue ~$1.5B Vs $1.51B Est.; FY24 Net Interest Expense ~$145M, Capital Expenditures ~$140M
Portfolio Pulse from Benzinga Newsdesk
Petco Health and Wellness Company has provided its fiscal Q3 2024 guidance, expecting a slight miss in EPS and revenue compared to estimates. The company reaffirms its full-year interest expense and capital expenditure expectations.
September 10, 2024 | 8:09 pm
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Petco Health and Wellness Company expects Q3 EPS of $(0.03)-$(0.04), slightly missing the $(0.03) estimate, and revenue of ~$1.5B, slightly below the $1.51B estimate. The company reaffirms its full-year net interest expense and capital expenditure expectations.
Petco's guidance indicates a slight miss in both EPS and revenue compared to analyst estimates, which could negatively impact short-term stock price. However, the reaffirmation of full-year interest and capital expenditure expectations provides some stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100