Petco's Surprise Profit: A Turnaround?
Markets & Money Today | 2 Min News - A podcast by The Daily News Now! - Sâmbătă
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Petco stock skyrocketed over 21% after a surprise Q2 profit announcement, defying expectations of a loss and boosting its annual earnings forecast. Despite a slight dip in sales, improved profit margins and adjusted EBITDA fueled investor confidence, marking a potential turning point for the volatile stock. Is this a sustainable turnaround or just a temporary tail-wag? Hosted on Acast. See acast.com/privacy for more information.
