Petco Health And Wellness Company Inc (WOOF)
Sector • Retail Industry • Specialty Retail |
Industry • Specialty Retail |
Sector • Retail |
Deterioration in profits despite of Increase in business at in the second quarter of 2022
WOOF reported second quarter of 2022 operating profit of $50.005 million
Published Sep 03 2022
CSIMarket Team / CSIMarket.com
WOOF reported declining eps on increasing revenue in the second quarter of 2022 financial report, where Revenue rose by 3.225 % to $1.48 billion relative to $1.43 billion on a year-over-year basis, while income fell sharply by -82.14 % to $0.05 per share, income per share was $0.28 in the comparable time-frame a year prior.
In the previous reporting period the Petco Health And Wellness Company Inc realized Revenue of $1.48 billion and bottom line of $0.09 per share.
Net profits of $13.456 million in the second quarter of 2022 fell by -82.02 % from $74.855 million in the corresponding period a year before. Petco Health And Wellness Company Inc shifted it's focus on improving sales in the second quarter of 2022, as a result net margin eased to 0.91%.
Operating earnings, fell -31.94% to $50.005 million, squeezing Petco Health And Wellness Company Inc's operating margin to 3.38%, from 5.12% in the second quarter of 2021.
Petco Health And Wellness Company Inc is expected to report next financial results on June 08, 2023.
In the previous reporting period the Petco Health And Wellness Company Inc realized Revenue of $1.48 billion and bottom line of $0.09 per share.
Net profits of $13.456 million in the second quarter of 2022 fell by -82.02 % from $74.855 million in the corresponding period a year before. Petco Health And Wellness Company Inc shifted it's focus on improving sales in the second quarter of 2022, as a result net margin eased to 0.91%.
Operating earnings, fell -31.94% to $50.005 million, squeezing Petco Health And Wellness Company Inc's operating margin to 3.38%, from 5.12% in the second quarter of 2021.
Petco Health And Wellness Company Inc is expected to report next financial results on June 08, 2023.