Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Petco Health And Wellness Co Inc (NASDAQ:WOOF) reported third-quarter FY21 sales growth of 15% year-on-year, to $1.44 billion, beating the analyst consensus of $1.37 billion. Comp sales growth was 15%.
- The gross profit increased 10% Y/Y to $594.7 million with a profit margin of 41.2%.
- The operating margin was 4.3%, and operating income for the quarter rose 34.5% to $61.9 million.
- Adjusted EBITDA increased 17% Y/Y to $138.5 million.
- Adjusted EPS of $0.20 beat the analyst consensus of $0.18.
- Petco held $221.5 million in cash and equivalents as of October 30, 2021. Cash provided by operating activities for the nine months totaled $288.4 million with a free cash flow of $124.1 million.
- Outlook: Petco raised the FY21 sales outlook to $5.725 billion - $5.775 billion (prior view $5.6 billion - $5.7 billion), above the consensus of $5.67 billion.
- The company raised the FY21 adjusted EPS outlook to $0.86 - $0.88 (prior view $0.81 - $0.85), versus the consensus of $0.86.
- Price Action: WOOF shares are trading lower by 11.1% at $21.96 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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