Petco Health and Wellness (WOOF) Misses Q2 EPS by 4c; Offers FY22 Guidance
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August 25, 2022 8:03 AM EDT
Jefferies analyst Stephanie Wissink lowered the price target on Petco Heath & Wellness Co. Inc. (NASDAQ: WOOF) to $15.00 (from $17.00) while maintaining a Hold rating following earnings.
The analyst commented, "Q2 results & FY22 guidance were below consensus but directionally in range of expectations. Sales outlook... More
August 24, 2022 3:46 PM EDT
Petco Health and Wellness (NASDAQ: WOOF) reported earnings before the open Wednesday, missing analyst expectations, sending its shares tumbling more than 8% below Tuesday's close.
The pet health company posted second-quarter earnings of $0.19 per share, $0.04 below the analyst estimate of $0.23, with revenue coming in at $1.48 billion versus the consensus estimate of $1.49 billion.
The company said despite economic uncertainty, demand in the pet category remains resilient.
Petco's... More
