Petco's Tails of Woe: Is a Single Quarter Enough to Turn the Tide? Petco Health and Wellness Company, Inc. 's recent earnings report has sent shockwaves through the investment community. The company's 0.
2% increase in net sales to $1. 5 billion and comparable sales up 0. 7% may seem like a modest but welcome return to growth. However, digging deeper reveals a more complex picture.
The company's gross margin expanded by just 21 basis points to 38. 4%, while operating income rose 50. 5% to $24. 6 million.