CORRECTION: Petco Health and Wellness Q2 Adj EPS $(0.02), Sales $1.524B Misses $1.525B Est.
Portfolio Pulse from Benzinga Newsdesk
Petco Health and Wellness reported a Q2 adjusted loss of $0.02 per share, with sales of $1.524 billion, slightly missing the estimated $1.525 billion.
September 10, 2024 | 8:28 pm
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NEGATIVE IMPACT
Petco Health and Wellness reported a Q2 adjusted loss of $0.02 per share, with sales of $1.524 billion, slightly missing the estimated $1.525 billion.
The slight miss in sales estimates and reporting of an adjusted loss could negatively impact investor sentiment, leading to a potential short-term decline in Petco's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100