Petco Rises After Boosting Full-Year Adj. Ebitda Guidance

Petco Health & Wellness Co. climbed after raising its full-year earnings guidance, signaling progress in its turnaround.

The San Diego-based company said adjusted earnings before interest, tax, amortization and depreciation are expected to be $395 million to $397 million this year, up from its previous view for as much as $395 million.