NasdaqGS:WOOFSpecialty Retail
Petco (WOOF) Is Down 8.0% After Q2 Profit Return and Store Closures Amid Lower Revenue
Petco Health and Wellness Company reported a return to profitability for the second quarter of 2025, despite a drop in revenue to US$1.49 billion, and announced plans to close about 25 stores during the year.
Alongside improved earnings, the company issued guidance for both the third quarter and full year suggesting overall net sales are expected to decline by a low single-digit percentage year over year.
We’ll examine how Petco’s return to profitability and planned store closures could...