Petco Health And Wellness Company Inc (WOOF) has disclosed a new risk, in the Accounting & Financial Operations category.
Petco Health and Wellness Company Inc. faces the risk of impairment to its goodwill and intangible assets, which hold considerable weight on its balance sheet. The company conducts annual impairment tests, and the need for such evaluations may arise if certain adverse indicators, such as a decline in stock price or unfavorable macroeconomic conditions, become apparent. In fiscal 2023, Petco recognized a substantial impairment charge due to such factors, potentially signaling deeper financial concerns that could negatively impact their financial standing and operational results if prevailing conditions persist or worsen.
The average WOOF stock price target is $2.94, implying 47.00% upside potential.
To learn more about Petco Health And Wellness Company Inc’s risk factors, click here.
