Petco Health & Wellness Co. today reported fiscal third-quarter net income of $19.9 million.
On a per-share basis, the San Diego-based company said it had profit of 7 cents. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share.
The pet store chain posted revenue of $1.5 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.48 billion.
Petco expects full-year earnings in the range of 75 cents to 79 cents per share, with revenue in the range of $5.98 billion to $6.05 billion.