Petco Health and Wellness Company, Inc. announced its second quarter 2025 financial results. The company reported a GAAP profit of $0.05 per share, which was significantly above analysts' consensus estimates. Net sales were in line with Wall Street's expectations but fell by 2.3% year-over-year to $1.49 billion.
Petco raised its full-year earnings outlook, signaling progress in its turnaround plan. The company's improved profitability was attributed to operational discipline and a more rigorous approach to pricing and promotions. This marks a significant step in the company's efforts to strengthen retail fundamentals.
The company's focus on optimizing inventory and controlling costs contributed to the positive bottom-line performance. This strategic execution is aimed at laying the foundation for sustainable profitable growth in a competitive market.
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