Skip to main content

Petco Versus Chewy: Where Jim Cramer Sees Opportunity

Publish date:
Video Rating:
Video Duration:

Petco  (WOOF) - Get Petco Health and Wellness Company Inc Class A Report has gone public. 

Petco raised $864 million in an initial public offering, selling 48 million shares for $18 each. The company had marketed sales for $14 to $17 a share.

“People are at home, they’re a little depressed and they want a bundle of joy in their life,” said CEO Ron Coughlin on CNBC. “So we’re going to help feed those pets, we’re going to help train those pets, groom those pets and vaccinate those pets. I think it’s actually good for America and our souls and it’s good for Petco.”

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

Watch: Everything Jim Cramer Is Watching in the Stock Market Thursday

Latest Videos From TheStreet and Jim Cramer:

Related Videos