Rising corporate spending on digital transformation projects has boosted CRM stock. With the Slack deal closed, merger synergies will be key. Read More...
The Wall Street Journal
Petco Cuts Outlook as Customers Buy Fewer Supplies and Pets
Petco Health and Wellness Co. is selling plenty of pet food but not as many supplies and pets. Meanwhile, sales of consumables like pet food and cat litter, as well as grooming and other services, continued to rise at double-digit percentage rates, boosted by the millions of new pets added to homes during the pandemic. On Wednesday, Petco reported second-quarter sales growth of just 3%, decelerating from 4.3% in the first quarter, after double-digit increases in each quarter since its initial public offering.
Add Comment