WOOF Jumps As Petco Earnings Beat Sparks Turnaround Hopes
Petco Health and Wellness (WOOF) stock rose 7.14% after Q2 earnings beat expectations, with EPS at $0.13 vs. estimates of $0.05-$0.07. Revenue was flat YoY at ~$1.5B but slightly ahead of estimates. The company improved profitability and prepaid ~$170M of debt, addressing balance sheet concerns. Analysts see potential upside to $3.50 if margin expansion continues.



