Petco Health & Wellness Q3 Swings to Profit, Net Sales Decline
MT Newswires Live
Nov 26
Petco Health & Wellness (WOOF) reported Q3 earnings late Tuesday of $0.03, swinging from a loss of $0.06 a year earlier.
Analysts surveyed by FactSet expected a breakeven result.
Net sales for the quarter ended Nov. 1 was $1.46 billion, down from $1.51 billion a year earlier.
Analysts polled by FactSet expected $1.47 billion.
Petco said it expects a low single-digit decline in Q4 net sales.
For fiscal year 2025, the company now expects net sales to decline 2.5% to 2.8%, compared with an earlier forecast of a low single-digit decline.
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