Even when adjusting for the non-recurring expense, this was still a bad quarter for Petco. Petco is down 37.2% since the beginning of the year, and at $1.99 per share it is trading 81.4% below its 52-week high of $10.73 from May 2023. Investors who bought $1,000 worth of Petco's shares at the IPO in January 2021 would now be looking at an investment worth $67.52. Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock moves more than 5%, we provide you with a timely explanation straight to your inbox. It's free and will only take you a second.