Woof stock price economic resilience in the U

Economic resilience in the U.S. retail sector is creating a supportive environment for "woof stock price". Historical correlation suggests that shifts in discretionary spending directly impact the pet product market, lending confidence to forecasts of moderate growth. Petco reported revenues of $1.55 billion, down 7.3% year on year. This print was in line with analysts’ expectations, and overall, it was a very strong quarter for the company with EBITDA guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EPS estimates. In reaction to the report, analysts at Baird maintained a Neutral rating on Petco stock but increased their price target to $4. Earnings revisions have slightly increased for the company behind "woof stock price", driven by better-than-expected online sales metrics. The stock is now on several watchlists for short-term swing trades, given its low beta relative to sector peers.