The American pet store chain Petco has released figures for the third quarter of 2022. According to these, Petco’s net sales totalled 1.5 bn dollars, up by 4 per cent compared with last year. Net income declined by 32.8 mio dollars to 19.9 mio dollars (previous year: 52.8 mio dollars) and was impacted, according to the company, by a non-cash-effective change in the fair value of one of its investments amounting to 19.2 mio dollars. Adjusted net income fell by 11.1 mio dollars to 42.9 mio dollars.
