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Market Impact: 0.45

Petco Services, Auto-Ship Sales Grow as Turnaround Continues

Source: Bloomberg

Consumer Demand & RetailCompany FundamentalsCorporate EarningsCorporate Guidance & Outlook

Petco shares jumped up to 14% in postmarket trading after it reported profit above Wall Street expectations and delivered comparable sales growth for the second straight quarter following a year of declines. The beat in earnings plus renewed same-store momentum signal an improving demand backdrop and should support the stock near-term.

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