Petco Q2 Sales Flat, EPS $0.13, Reaffirms Outlook
WOOF sits 27% above its 52-week low of $2.24 on elevated volume (2.4× avg).
Summary
Petco reported Q2 revenue of $1.49B, flat year-over-year and in line with estimates, with EPS of $0.13. Net income rose to $38.7M from $14.0M a year ago, and adjusted EBITDA was $122.2M. The company prepaid $75M in debt after quarter-end and reaffirmed full-year sales and adjusted EBITDA guidance. Q3 guidance calls for sales growth of 0.4% to 1.0% and adjusted EBITDA of $100M to $103M. The profit rise reflects a turnaround gaining traction.
At the time of this announcement, WOOF was trading at $2.83 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $751M. The 52-week trading range was $2.24 to $3.96. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.