Petz (PETZ3), a leading pet retailer, reported a Q1 2024 adjusted profit of R$6.9 million ($1.35 million). This was a 64.1% drop from last year’s same period. The decline came from lower operational leverage, rising depreciation, and higher financial expenses. Furthermore, recent investments drove depreciation and amortization upward. Currently engaged in merger talks with Cobasi, […]
