23 days ago • Posted by Martin Boujol
Petco reports strong sales, thanks to pandemic puppy love
Petco's 4th quarter revenue jumped 16%, with a 90% increase in digital sales and 1 million new customers. Its expected revenue for 2021 is between $5.25 billion and $5.35 billion. Their rival, Chewy, is not doing as good, as its share fell almost 3% yesterday.