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Why Petco Stock Was Rolling Over Today

TheMotleyFool

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Why Petco Stock Was Rolling Over TodayPhoto, wide shot, wide-angle lens, Clothing manufacturer, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/4c710447-f68a-47bc-a682-c2d83e801596.png

Shares of Petco Health and Wellness (NASDAQ: WOOF) were headed to the doghouse today after the pet products retailer posted disappointing results in its third-quarter earnings report.

The company missed estimates on the top and bottom lines and cut its guidance for the full year as management cited a "challenging consumer environment."

As of 10 a.m. ET, the stock was down 21.9% on the news.

Source Fool.com

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