Why Petco Stock Was a Good, Good Boy on Friday

The company raised its full-year guidance for a key profitability metric.Like a favorite cat, dog, or turtle, Petco Health and Wellness (WOOF 23.53%) stock was receiving a lot of love and cuddles from investors on Friday. That's because they were awfully happy about the specialty retailer's second-quarter earnings, published just after market close the previous day. They sent the stock up almost 24% in price in reaction to the news. A tasty treat for investorsThis happened despite the fact that Petco's net ...