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    Lauren Hang

    Research Analyst at Morgan Stanley

    No publicly available information could be found regarding Lauren Hang working as an analyst at Morgan Stanley. Searches of professional directories and Morgan Stanley’s own resources yielded no evidence of an individual by that name in any analyst or research position. As a result, details on Lauren Hang’s exact title, coverage areas, career history, performance metrics, or professional credentials are not available.

    Lauren Hang's questions to Petco Health & Wellness Company (WOOF) leadership

    Lauren Hang's questions to Petco Health & Wellness Company (WOOF) leadership • Q2 2024

    Question

    Lauren Hang, on for Simeon Gutman, asked how the company plans to fund its strategic initiatives like merchandising and labor investments. She also inquired about the service and vet attach rate among pet owners and how it could be improved.

    Answer

    CFO Brian LaRose clarified that the initiatives are designed to be self-funding, targeting $150 million in run-rate savings, which creates capacity rather than requiring new investment. Regarding services, he did not provide a specific attach rate but emphasized that the services business is a key strength and differentiator, with grooming being resilient and the vet business growing at a multiple of the overall services segment.

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