Why Petco Stock Is Skyrocketing Today

This pet retailer's future could be brighter than its present if management executes well on its new strategy. Shares of Petco Health and Wellness Company (WOOF 31.92%) were skyrocketing 29.6% higher as of 11:29 a.m. ET on Wednesday. The big gain came after the pet retailer announced its second-quarter results following the market close on Tuesday. Petco reported net revenue in Q2 of $1.52 billion, down 0.5% year over year. The company posted a net loss based on generally accepted accounting principles (GAA ...