Petco Health And Wellness Down 5% On Lower Q2 Profit

Shares of pet retailer Petco Health and Wellness Co., Inc. (WOOF) are down 5 percent on Wednesday's trading after the company posted lower second-quarter earnings, which also missed the Street estimates.

The company's earnings totaled $13.45 million, or $0.05 per share. This compares with $75.11 million, or $0.28 per share, in last year's second quarter.

Excluding items, Petco Health & Wellness Company Inc reported adjusted earnings of $49.72 million or $0.19 per share for the period while analysts on average had expected the company to earn $0.22 per share, according to figures compiled by Thomson Reuters.

Currently at $14.93, the stock has traded between $12.88 and $26.21 during the past 52 weeks.

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