Petco Health and Wellness (NASDAQ:WOOF) reported its Q1 earnings results on Tuesday, May 24, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
Petco Health and Wellness beat estimated earnings by 6.25%, reporting an EPS of $0.17 versus an estimate of $0.16.
Revenue was up $61.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 0.05% increase in the share price the next day.
Here's a look at Petco Health and Wellness's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.25 | 0.18 | 0.20 | 0.09 |
| EPS Actual | 0.28 | 0.20 | 0.25 | 0.17 |
| Revenue Estimate | 1.49B | 1.37B | 1.36B | 1.27B |
| Revenue Actual | 1.51B | 1.44B | 1.44B | 1.42B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Petco Health and Wellness management provided guidance for FY 2022, expecting earnings between $0.97 and $1.0 per share.
To track all earnings releases for Petco Health and Wellness visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
