Chewy Sinks 11% as Free Cash Flow Miss Overshadows Raised Outlook; Petco Falls 6%, Freshpet Ticks Up
Petco shares fell 6% as part of a broader pullback in the pet-care sector, following Chewy's 11% drop on a free cash flow miss despite raising its outlook. Freshpet ticked up during the same session.
Why it matters — The stock movement indicates investor sentiment toward pet companies is being pressured by peers' disappointing results, which a WOOF watcher would track closely.