Petco reports Q2 EPS 5c, consensus 2c

Reports Q2 revenue $1.5B, consensus $1.49B. “For Q2 we once again delivered against our commitments, enabling us to raise our earnings outlook for the full year. The first half of this year established a solid foundation for our transformation as we continued to strengthen our economic model and improve retail operating fundamentals,” said Joel Anderson, CEO. “As we look ahead to the remainder of this year, we will continue to execute on our objectives while also leaning into select targeted investments that we believe will help set the stage for a return to sustainable profitable growth.”