Petco 2Q profit more than doubles as turnaround gains traction
Petco Health and Wellness reported second-quarter profit of $38.7 million, or 13 cents a share. The stock rose 9.1% to $2.87 in late trading Wednesday.
By Kelly CloonanPetco Health and Wellness's second-quarter profit more than doubled as the company sees its turnaround plan gaining traction.The stock gained 9.1%, to $2.87, in late trading on Wednesday.The pet-supplies retailer posted a second-quarter profit of $38.7 million, or 13 cents a share…