Why Petco Stock Was a Good, Good Boy on Friday

Petco Health and Wellness (NASDAQ: WOOF) saw its stock surge nearly 24% on Friday following the release of its second-quarter earnings, despite a year-over-year decline in net sales exceeding 2% to $1.5 billion, which was still above analyst expectations of $1.49 billion. Investors reacted positively to the results, reflecting their confidence in the company’s outlook.

Want More Context? 🔎