Reported 4 days ago
Petco's stock has surged after the pet retailer announced a better-than-expected earnings outlook for fiscal 2025, with expectations for strong Q1 earnings. The company's strategic shift, including the closure of underperforming stores, is contributing to improved earnings projections, even as sales are anticipated to decline. This positive outlook has resulted in heightened interest, highlighted by a significant short interest in the stock.
Source: YAHOO