DO. NOT. MESS. WITH. DAISY. CHAPTER 3 (Short Pet Retailers 2.0) 🔫🔫🔫
Petco: Outlook Negative
On Wednesday, we concluded the “DO. NOT. MESS. WITH. DAISY. CHAPTER 2 (Short Pet Retailers 2.0) 🔫🔫” about Petsmart Inc., with the following statement:
“With 1600 stores, the company isn’t light with its footprint and same store sales and pricing power are on the decline. Still, the company’s liquidity profile remains relatively i…