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WOOF / Petco customers are flocking toward cheaper pet food — and the more expensive stuff — amid inflation ‘bifurcation'

Petco customers are flocking toward cheaper pet food — and the more expensive stuff — amid inflation ‘bifurcation'
As shares of Petco Health & Wellness reeled on Thursday due to weaker demand and a downbeat financial forecast, executives at the pet-store chain said that customers continued to migrate toward more expensive pet food as well as the cheaper offerings, after months of abnormally high inflation that have reshaped shoppers' buying patterns. Read More
Posted: Aug 24 2023, 15:33
Author Name: Market Watch
Views: 092056

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By The Motley Fool
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Why Petco Stock Fell 20% in September

Pet stocks have struggled due to a post-pandemic slowdown. Rising interest rates have pressured Petco's variable-rate debt. more_horizontal

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Petco Health & Wellness has seen growth declines post-pandemic, with flat EBITDA and deleveraging on the bottom line. The company's business quality i more_horizontal

Why Petco Stock Dropped 24% This Week

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Why Petco Stock Dropped 24% This Week

Petco announced fiscal second-quarter results that were roughly in line with analysts' expectations. But the pet products and services retailer also r more_horizontal

Petco customers are flocking toward cheaper pet food — and the more expensive stuff — amid inflation ‘bifurcation'

By Market Watch
August 24, 2023

Petco customers are flocking toward cheaper pet food — and the more expensive stuff — amid inflation ‘bifurcation'

As shares of Petco Health & Wellness reeled on Thursday due to weaker demand and a downbeat financial forecast, executives at the pet-store chain said more_horizontal

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By Yahoo Finance
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Petco stock falls after cutting full-year guidance

Yahoo Finance Live anchors Julie Hyman and Brad Smith break down Petco's Q2 earnings results. Petco (WOOF) shares drop after the company slashed its f more_horizontal

Petco Health & Wellness (WOOF) Q2 Earnings Lag Estimates

By Zacks Investment Research
August 24, 2023

Petco Health & Wellness (WOOF) Q2 Earnings Lag Estimates

Petco Health & Wellness (WOOF) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.07 per share. This comp more_horizontal

Petco stock in doghouse as America spends less on its pets

By Proactive Investors
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Petco stock in doghouse as America spends less on its pets

Petco Health and Wellness (NYSE:WOOF) saw its stock slide more than 12% as American consumers spend less money on their pets. The retailer, in its qua more_horizontal


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