Petco Health & Wellness Co Inc. surged as much as 31% after raising its earnings targets for the year as the company’s turnaround starts showing signs of progress.
Earnings before interest, tax, amortization and depreciation, less some items, are expected to be $385 million to $395 million this year, the company said in a statement Thursday, up from its previous view for as much as $390 million. Analysts estimated $385 million.