Petco Stock Jumps Sharply After Earnings. Here’s What We Know.

Petco Health & Wellness stock was rising sharply Wednesday after the pet goods retailer topped quarterly estimates and issued strong guidance. For its first fiscal quarter ended May 4, the company reported an adjusted loss of 4 cents a share, narrower than the loss of 6 cents Wall Street expected. Shares were up 32% to $3.23, on track for their largest increase on record, based on available data to January 2021, according to Dow Jones Market Data.