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Search resuls for: "Ron Coughlin"


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Ron Coughlin, chief executive officer of Petco Animal Supplies Inc., outside the Nasdaq MarketSite during Petco Health & Wellness Co. initial public offering (IPO) in New York, Jan. 14, 2021. Petco announced Wednesday that its CEO, Ron Coughlin, is stepping down, and said board member and Best Buy executive R. Michael Mohan will take over as interim chief executive as the company searches for a permanent replacement. In a statement, Coughlin said he's proud of the work he's done over the last five years. He previously served as lead independent director, a role he will shed as he takes over the interim CEO post. Excluding one-time items, Petco reported earnings per share of 2 cents.
Persons: Ron Coughlin, Petco, Michael Mohan, Coughlin, he's, Mohan, He's, Cameron Breitner Organizations: Supplies Inc, Nasdaq, Petco, Wellness Co, Best, LSEG Locations: New York
Investors who take the risk of owning certain unloved stocks could see outperformance down the road, according to Goldman Sachs. This basket of stocks consists of buy-rated names on which the firm's analysts are out of line with the rest of Wall Street. Here are a few of Goldman's differentiated buy names. About a quarter of analysts covering the stock have given it a buy or strong buy rating, according to LSEG. The pet retailer has buy or strong buy ratings from about one-third of Wall Street analysts covering the name, per LSEG.
Persons: Goldman Sachs, Warren Buffett, Goldman, Deep Mehta, Instacart, Petco, Ron Coughlin Organizations: Investors, The New York Times, Citi, Capital, JPMorgan, Petco, Wall Street Locations: 2024E
Petco collaborates with Snoop Dogg in new pet-care campaign
  + stars: | 2023-06-14 | by ( Yuheng Zhan | ) www.cnbc.com   time to read: +2 min
Petco teams up with hip-hop icon Snoop Dogg for an innovative pet-care campaign. Petco has partnered with hip-hop icon Snoop Dogg for a new pet-care campaign, the company said Wednesday. The collaboration features Petco Picks by Snoop, which include toys, treats and grooming supplies, and offers social content showcasing behind-the-scenes footage of Snoop Dogg with pets, including his reflections on being a devoted dog owner, Petco said in a press release. "My pets gotta look good, feel good, smell good," Snoop Dogg said. The campaign's first ad showcases Snoop Dogg as the human form of a Doberman Pinscher, a nod to the rapper's 1993 hit "Who Am I?
Persons: Snoop, Petco, Snoop Dogg, Katie Nauman, Ron Coughlin, Chewy Organizations: American Pet Products Association, U.S . Department of Labor, Vital Care
Micron Technology — The semiconductor manufacturer added 5.3% after management said it was planning a bigger headcount reduction than previously expected. Carnival — Shares gained 3.6% after being upgraded by Susquehanna to positive from neutral. The move comes a day after the stock gained 6.1% following an upgrade by Wells Fargo to equal weight from underweight. Urban Outfitters , Burlington Stores , Foot Locker , Ross Stores — Shares of major retailers declined Wednesday after UBS downgraded the group to sell from neutral. Petco — Shares of the pet health and wellness company gained 5% after CEO & Chairman Ron Coughlin disclosed a 61,000 share purchase.
The retailers, which both released their quarterly earnings on Wednesday, began investing heavily into pet health when the pandemic-fueled pet boom saw 23 million American households welcome a new animal into their homes. The boom turned the overall pet market into a $123.6 billion dollar powerhouse in 2021, and it's expected to grow. Pet health care – and the high margins that come with it – is a crucial component to that overall market. It changed its name to Petco Health and Wellness Company in 2020. Pet adoptions surged during the pandemic, triggering a surge in demand for pet goods.
Petco CEO: Inflation in 2023 will be roughly even at year's end
  + stars: | 2023-03-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPetco CEO: Inflation in 2023 will be roughly even at year's endPetco CEO Ron Coughlin joins 'Squawk Box' to discuss the company's quarterly earnings results, the impact of inflation on pet food, and more.
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