Home Earnings Why The Petco (WOOF) Stock Has Been Moving Upwards Today?

Why The Petco (WOOF) Stock Has Been Moving Upwards Today?

Stock of Petco Health and Wellness Company (NASDAQ: WOOF) has just started getting traction in pre-hours trades today. With over 1.59 million Petco stock rising 1.96% and a closing price of $23.43 on the day, WOOF stock has been buoying at $25.00 rising 6.70% today. The surge in Petco stock came following Q4 and Full Year 2020 financial results announced this morning.

Has Petco performed well in the quarter?


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Petco is at the forefront of the health and wellness industry, improving the lives of pets, their pet parents and the Petco partner. In 1965, Petco broke new ground in pet care, delivering comprehensive solutions to pet health concerns through our products and services, and creating communities that bind pet-parents closer together. Petco operates more than 1,500 locations across the U.S., Mexico, and Puerto Rico, which includes a network of more than 100 in-store veterinary hospitals that provide pet care on Petco’s website and via the Petco app.

Petco (WOOF) today released its financial results for fourth quarter and fiscal 2020 ended January 30, 2021.

For the fourth quarter 2020:

  • A 16 percent increase in net sales and a 17 percent increase in comparable sales contributed to an increase in net sales of $1.3 billion.
  • A net loss of $6.2 million or $0.03 per share was recorded for the quarter out of which $17.5 million of that loss stemmed from the WOOF’s extinguishment of debt related to its IPO.
  • Increase in Adjusted Net Income was $18.7 million which rose in the reported quarter to $37.0 million, or $0.17 per share.
  • A growth of 13 percent was achieved on adjusted EBITDA of $148.6 million.

For the full year 2020:

  • Net sales grew 11 percent, surpassing $4.9 billion, due to an 11 percent increase in comparable sales.
  • Including $17.5 million loss on debt extinguishment related to the Petco’s (WOOF) initial public offering, net loss for the year was $26.5 million or $0.13 per share
  • Net income earned for the quarter increased by $68.0 million to $58.1 million or $0.28 per share.
  • On an adjustment basis, EBITDA of WOOF rose by 14 percent in 2020 to $484 million.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Did The CMCL Stock Rise By 8% In Last Trading?

Caledonia Mining Corporation Plc (NYSE: CMCL) gained 8.91% during the trading session on Thursday. The share price reached a low of $13.70 and a...

Why Progyny Inc (PGNY) stock gained on Thursday, April 15?

Progyny Inc (PGNY) stock gained 7.31% in the after-hours session on Thursday, April 15, 2021, after it gained 0.94% in the early session.  PGNY...

Here is Dolphin Entertainment Inc (DLPN) stock turnaround on Thursday, April 15, 2021

Dolphin Entertainment Inc (DLPN) stock was facing negativity in the normal trading session on Thursday, April 15, 2021. It lost 8.05% in the morning...

Why Is TAOP Stock Increasing Today?

Taoping Inc. (NASDAQ: TAOP) is rising on the charts today with a gain of 18.04% to trade at $7.33 at last check-in early trading. Yesterday,...

Is VIZSF Stock Price Up This Past Session?

At the previous close, shares of Vizsla Silver Corp. (OTCQB: VIZSF) were up 8.41% to $1.41. A total of 201,300 shares of Vizsla Silver...

How Did The KXIN Stock Rise In The Last Session?

On Thursday, more than 15.02 million shares of Kaixin Auto Holdings (NASDAQ: KXIN) were traded, and the closing share price was $2.56, an increase...

Why Did The CMCL Stock Rise By 8% In Last Trading?

Caledonia Mining Corporation Plc (NYSE: CMCL) gained 8.91% during the trading session on Thursday. The share price reached a low of $13.70 and a...

What Led The AKUS Stock To Increase On Thursday?

In its Thursday trading session, Akouos Inc. (NASDAQ: AKUS) rose by 8.08%, or $1.16, compared with its previous market close price. The lowest price...

Related News

Why Did The CMCL Stock Rise By 8% In Last Trading?

Caledonia Mining Corporation Plc (NYSE: CMCL) gained 8.91% during the trading session on Thursday. The share price reached a low of $13.70 and a...

Why Progyny Inc (PGNY) stock gained on Thursday, April 15?

Progyny Inc (PGNY) stock gained 7.31% in the after-hours session on Thursday, April 15, 2021, after it gained 0.94% in the early session.  PGNY...

Here is Dolphin Entertainment Inc (DLPN) stock turnaround on Thursday, April 15, 2021

Dolphin Entertainment Inc (DLPN) stock was facing negativity in the normal trading session on Thursday, April 15, 2021. It lost 8.05% in the morning...

Why Is TAOP Stock Increasing Today?

Taoping Inc. (NASDAQ: TAOP) is rising on the charts today with a gain of 18.04% to trade at $7.33 at last check-in early trading. Yesterday,...

Is VIZSF Stock Price Up This Past Session?

At the previous close, shares of Vizsla Silver Corp. (OTCQB: VIZSF) were up 8.41% to $1.41. A total of 201,300 shares of Vizsla Silver...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.