Petco: Closely Discounted Regardless of Favorable Lengthy-Time period Tendencies (NASDAQ:WOOF)

Puppy on a Veterinarian

FatCamera/E+ through Getty Pictures

Petco (NASDAQ:WOOF) shares have fallen 56% year-to-date and are actually down 78% from its $18/share IPO value in early 2021. Petco was a beneficiary of the pandemic-induced pet tremendous adoption cycle of 2020-21, which noticed a surge in pet possession