Petco Health and Wellness Company (NASDAQ:WOOF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.49b (flat on 3Q 2023).
• Net loss: US$1.24b (down from US$19.9m profit in 3Q 2023).
• US$4.63 loss per share (down from US$0.075 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Petco Health and Wellness Company Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are down 25% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Petco Health and Wellness Company.

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