Reported 5 months ago
Petco's stock has seen a rise following their better-than-expected first-quarter earnings report and positive full-year guidance, indicating a potential return to positive free cash flow within the year. Despite a high short interest in the company, the shares have continued to climb, up 12% year-to-date. This positive performance has been attributed to the company's strong financial results and the potential for positive free cash flow in 2024, despite previous challenges and market conditions.
Source: YAHOO