Petco delivered stronger-than-expected profitability in Q2 2026 with net sales of $1.5 billion and a 0.6% increase in comparable sales, marking its second consecutive quarter of positive growth. The company benefited from tariff refunds and improved gross margins, leading to an 11.1% rise in operating income and net income reaching $38.7 million. Petco prepaid $75 million in debt post-quarter, aiming to reduce leverage to 2x, and reaffirmed its full-year 2026 sales and adjusted EBITDA outlook. The company remains confident in sustainable long-term growth despite supply chain challenges and plans to continue investing in growth initiatives.
Baidu announced that its Class A ordinary shares listed on the Hong Kong Stock Exchange will be included in the Shanghai-Hong Kong Stock Connect program starting September 7, 2026. This inclusion allows eligible mainland Chinese investors to directly...
Curaleaf Holdings has opened a new cannabis dispensary in Riverview, Florida, marking its 77th location in the state and 178th across the U.S. This expansion reflects Curaleaf's strategy to grow its presence in Florida's fast-growing medical cannabis...
SpaceX's stock currently trades below its first closing price despite a strong IPO debut, with a consensus analyst target price about 48% higher than the current price. Raymond James analyst Brian Gesuale projects a much more optimistic outlook, sett...
Critical Metals has consolidated 92.5% ownership of the Tanbreez heavy rare earths project and secured a 15-year offtake agreement with REalloys. The company has started a 10,000-meter drilling program to better define its resources. Tanbreez stands ...
Xcel Energy declared a quarterly dividend of $0.5925 per share, continuing its streak of annual dividend increases aligned with its 4%-6% raise policy. The company operates as a regulated utility, providing predictable cash flows supported by state-a...
