Q2 2023 Operating Results Comparable sales grew 3.2 percent year-over-year and 7.0 percent on a two-year basis, resulting in the 19th consecutive quarter of.
Sales growth was partially offset by weakness in supplies and companion animal business, Petco said. Petco Health and Wellness (WOOF) beat revenue and met earnings expectations for the second quarter but said that a shift in consumer spending and pressures on its discretionary business led it to issue a full-year profit warning.The pet supply retailer’s stock fell on the news by over 15% at the start of the today’s trading session.For the quarter ended July 29, Petco reported revenue of $1.53 bi