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Petco is overwhelmed by demand for pet grooming, training, and veterinary services. Petco CEO Ron Coughlin told Bloomberg the growth is due to the rise in pet adoptions in 2020. Coughlin said 11 million pets were adopted in 2020, mostly by millennials and Gen Z. Petco is trying to keep up with surging demand for its grooming, training, and veterinary services after millions of pets were adopted during the pandemic. Our training and our grooming is getting overwhelmed with demand, Ron Coughlin, Petco s CEO, told Bloomberg on Thursday. Our vet hospitals and our vet clinics are having more and more demand as people feel more comfortable coming out. ....
Pandemic-driven love for dogs, cats under test as pet care firms report results Read full article A screen displays Petco Health and Wellness Company Inc. s trading symbol and company logo during the IPO at the Nasdaq Market Site in Times Square in New York Dania Nadeem and Manojna Maddipatla May 19, 2021, 10:59 AM·2 min read By Dania Nadeem and Manojna Maddipatla (Reuters) - Results from Petco Health and Chewy Inc are likely to show slowing revenue growth compared with last year, when stressed out families turned to their pets for companionship during pandemic-led lockdowns. While sales will be down from the height of the pandemic, it is unlikely to fall to levels seen before the pandemic, Evercore ISI analyst Oliver Wintermantel said. ....