Petco Posts Another Loss and Issues Weak Guidance as CEO Steps Down

Key TakeawaysPetco Health and Wellness Company shares fell after the company reported another loss, issued guidance that was short of estimates and changed its CEO.CEO Ron Coughlin stepped down and was replaced on an interim basis by board member R. Michael Mohan.Petco shares have lost nearly three-quarters of their value over the past year. Shares of Petco Health and Wellness Company (WOOF) slumped Wednesday as the pet products retailer and operator of veterinary clinics posted another quarterly loss, gave ...