Petco's Surprise Profit: A Turnaround?

Petco stock skyrocketed over 21% after a surprise Q2 profit announcement, defying expectations of a loss and boosting its annual earnings forecast. Despite a slight dip in sales, improved profit margins and adjusted EBITDA fueled investor confidence, marking a potential turning point for the volatile stock. Is this a sustainable turnaround or just a temporary tail-wag? Hosted on Acast. See acast.com/privacy for more information.