Petco Recovery Plan Doesn't Need Outside Help -- Market Talk

Dow Jones03-13

1314 ET - Petco Health & Wellness made substantial progress on its turnaround in 2025 and is now executing growth plans that don't rely on external factors, Jefferies analysts say. The analysts upgrade the stock to buy from hold because they are confident in the continued success of the turnaround. Petco's planned 2026 initiatives, such as expanding pet food, carrying more national brands and updating products to drive traffic, aren't dependent on an improving macro-economic environment, the analysts say. Last year, Petco's new management team has also proven itself by improving margins and profit through sharpening assortment and expanding vet capacity, the analysts say. Shares jump 30%. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

March 12, 2026 13:14 ET (17:14 GMT)

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