Why Petco Stock Was Rolling Over Today

Shares of Petco Health and Wellness (NASDAQ: WOOF) were headed to the doghouse today after the pet products retailer posted disappointing results in its third-quarter earnings report.

The company missed estimates on the top and bottom lines and cut its guidance for the full year as management cited a "challenging consumer environment."

As of 10 a.m. ET, the stock was down 21.9% on the news.

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Source Fool.com