What happened Petco Health & Wellness (NASDAQ: WOOF) shareholders lost ground to a rising market last month. Shares of the pet supplies retailer fell 23% in February compared to a 2.6% gain in the S&P 500, according to data provided by S&P Global Market Intelligence. The decline put the stock, which began trading after its IPO in mid-January, in negative territory, down over 30% since that time. Image source: Getty Images. So what Petco didn't release any operating updates, but pullbacks like February's decline should be expected for a new company that hasn't yet established a firm valuation. Expectations were high when the company began trading in January, and it's natural for shareholders to have to endure volatility following a successful IPO. Now what Petco has a potentially huge market it can serve, and the company is also making progress at reducing its debt burden. But shares will remain volatile until management can show an ability to generate positive shareholder returns. The executive team's next opportunity to do that is coming up in just a few days. On March 18, Petco will announce fiscal fourth-quarter results in a report that could set the tone for the rest of the retailer's year. 10 stocks we like better than Petco Health and Wellness CompanyWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Petco Health and Wellness Company wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Demitri Kalogeropoulos has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source