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Why Petco Stock Was Soaring Today

TheMotleyFool

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Why Petco Stock Was Soaring TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Shares of Petco (NASDAQ: WOOF) were moving higher today after the pet products retailer posted better-than-expected results in its first-quarter earnings report, though the company is still struggling with declining revenue and profits.

As of 11:37 a.m. ET, the stock was up 30.6%.

Image source: Getty Images.

Source Fool.com

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