petco shares sank to an alltime low wednesday after the company swung to a fiscal firstquarter loss despite higher revenue the stock fell more than 28 to a low of 729 within the first 20 minutes of trading shares are down by more than 50 over the past 12 months before the bell the petproducts retailer posted a loss of 19 million or 1 cent a share for the quarter ended april 30 compared with a profit of 247 million or 9 cents a share for the same period a year earlier analysts polled by factset had expected earnings of 1 cent a share revenue rose 54 to 156 billion topping analyst forecasts for 15 billion according to factset the san diegobased company said sales of consumables like pet food and cat litter climbed 11 while revenue coming from services such as its veterinarian clinics was up more than 25 sales of supplies and companion animals its catchall term for the birds fish reptiles and other small animals that it sells was down 76 petco also backed its guidance for the 2023 fiscal year chief executive ron coughlin said petco grew in the first quarter including in may but that the company is aiming to be prudent on the back of current macroeconomic trends