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.
Source Fool.com