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 story : Petco beats earnings expectations and raises full-year guidance #FinanceUSA #StockMarketNEWS Petco Health & Wellness Co. Inc. shares edged up 0.1% in Thursday premarket trading after the company reported

@stockMarketNEWS 16 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Petco beats earnings expectations and raises full-year guidance #FinanceUSA #StockMarketNEWS
Petco Health & Wellness Co. Inc. shares edged up 0.1% in Thursday premarket trading after the company reported third-quarter earnings that beat expectations and raised its full-year guidance. Net income totaled .8 million, or 20 cents per share, up from .4 million, or 2 cents per share, last year. Sales of .44 billion were up from .26 billion last year. The FactSet consensus was for EPS of 18 cents and sales of .37 billion. Comparable sales grew 15%, well ahead of the FactSet consensus for 7.8%. Petco raised its full-year guidance and now expects revenue of .725 billion to .775 billion, up from .6 billion to .7 billion, and adjusted EPS of 86 cents to 88 cents, up from 81 cents to 85 cents. The FactSet consensus is for revenue of .27 billion and EPS of 79 cents. Petco stock began trading in January, priced at . The stock is set to open Thursday at .72, and has gained 28% over the past three months. The S&P 500 index is up 6.6% for the last three months.


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