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home / news releases / WOOF - Petco Health and Wellness: I Am Not Convinced A Turnaround Is Around The Corner

WOOF - Petco Health and Wellness: I Am Not Convinced A Turnaround Is Around The Corner

Petco Health and Wellness Company Inc.

2024-05-28 11:05:54 ET

Summary

  • I recommended a sell due to worsening metrics and lack of signs of recovery.
  • WOOF's 1Q24 results showed little improvement, with declining revenue in key segments.
  • The lack of a permanent CEO and risky balance sheet pose further challenges for WOOF's recovery.

Investment summary

For further details see:

Petco Health and Wellness: I Am Not Convinced A Turnaround Is Around The Corner
Stock Information
Company Name: Petco Health and Wellness Company Inc.
Stock Symbol: WOOF
Market: NASDAQ
Website: petco.com
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