Petco rises after co lifts FY25 earnings outlook

Shares of Petco Health and Wellness WOOF.O rise 9.4% to $3.25 premarket after co lifts FY25 earnings outlook

Co raises FY25 adj EBITDA outlook to $395 mln-$397 mln from prior outlook of $385 mln to $395 mln; cites stronger profitability from cost actions and margin gains

Q3 reported EPS $0.03 vs. a year ago loss of $0.02, helped by cost cuts and gross margin expansion

However, Q3 net sales $1.46 bln, down 3.1% YoY

Average rating of 11 analysts on the stocks is a "hold"; median PT at $4 - data compiled by LSEG

WOOF stock down 22.05% YTD, as of last close