Petco Services, Auto-Ship Sales Grow as Turnaround Continues
Petco Health & Wellness Co. reported stronger-than-expected profits and achieved comparable sales growth for the second consecutive quarter, marking a turnaround after a year of declines. The positive results drove the company's stock up as much as 14% in after-hours trading. Growth was fueled by gains in services and auto-ship sales, indicating successful momentum in the retailer's recovery.
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Petco Services, Auto-Ship Sales Grow as Turnaround Continues
Petco Health & Wellness Co. reported stronger-than-expected profits and achieved comparable sales growth for the second consecutive quarter, marking a turnaround after a year of declines. The positive results drove the company's stock up as much as 14% in after-hours trading. Growth was fueled by gains in services and auto-ship sales, indicating successful momentum in the retailer's recovery.
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