Petco Health and Wellness Co Inc - Ordinary Shares - Class A Stock News

Shares of pet retail giant Petco Health and Wellness Company Inc (NASDAQ:WOOF) are 16.4% higher out of the gate, last seen trading at $3.45, after a SEC filing revealed CEO Joel Anderson purchased nearly 1.6 million shares across two sessions -- a $4.7 million investment that signals strong conviction from the top.

Petco's Q4 financials came in nearly as expected, with progress in the gross margin level, but very modest sales growth. Positively, Petco's FY2025 EBITDA guidance suggests the company's margin turnaround efforts are showing increasing momentum with a focus on high-value sales. Petco's valuation is highly volatile due to the company's high debt, but in a base scenario, I estimate the stock to b...

Petco's new Chief Executive Joel Anderson is redoing in-store merchandising and focusing on best sellers, while leaning into growth opportunities like in-store veterinarian services.

Uber has teamed with Petco to offer pet owners home delivery via Uber Eats. The partnership, announced Thursday (March 27), makes all Petco locations in the contiguous United States available on Uber Eats for deliveries of pet food, toys, treats and other items.

Petco (NASDAQ:WOOF) shares surged 36% on Thursday after the pet retailer projected better-than-expected adjusted earnings for fiscal 2025. The company expects its adjusted EBITDA to increase to between $375 million and $390 million from $336.5 million in 2024.

The pet-store company said the partnership would bring its products to the ride-hailing company's Uber Eats food delivery operation.

SAN FRANCISCO--(BUSINESS WIRE)--Today Uber Technologies, Inc. (NYSE: UBER) and Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) announced a new partnership that brings Petco's wide selection of pet essentials to the Uber Eats platform, making it easier than ever for pet parents to get what they need, when they need it. With all Petco locations in the contiguous United States now available...

Petco (WOOF) shares jumped Thursday morning as the pet retailer outlined a better-than-expected adjusted earnings forecast for fiscal 2025.