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More Quality Time With Fido and Fluffy in Pandemic Boosts Petco Sales

Pet Retailer Plans Rapid Expansion of In-House Veterinary Hospitals
Petco revenue rose 11% from the prior year for 2020 and 16% for the fourth quarter, though it posted net losses tied to expenses from a recent initial public offering of stock. (CoStar)
Petco revenue rose 11% from the prior year for 2020 and 16% for the fourth quarter, though it posted net losses tied to expenses from a recent initial public offering of stock. (CoStar)
CoStar News
March 18, 2021 | 9:31 P.M.

Pet lovers stranded at home in the pandemic have boosted spending on their beloved dogs and cats, affection that retailer Petco is counting on to fuel future real estate growth.

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