Pet retailers' stocks have struggled since the pandemic boom as a spike in pet adoption during the lockdown period has given way to an extended period of slow growth, and Petco has been unable to escape those headwinds. However, the shares have apparently fallen far enough that investors are reacting positively to the business still shrinking. In the first quarter, revenue fell 1.7% to $1.53 billion, but that topped analysts' consensus estimate of $1.51 billion. Petco's business continues to shrink, but it ...