PetSmart First Quarter Earnings Call
27th May 2008 00:00 AM |
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| The company posted lower profit of $41.2 million from a year ago, when it recorded a big gain from selling investments. |
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| Net sales rose to $1.2 billion from $1.1 billion as higher prices bumped up ticket sales amid still soft customer visits. The company saw sales benefit from inflation of about 4.3%, which compares to 1.5% for the same period of last year. Comparable store sales grew 2.9%. Higher cost of sales eroded gross profit margin, which fell to 29.4% from 30.4% a year ago. For Q2, the company forecast same-store sales growth in the low-single digits and earnings per share of 26 cents to 30 cents. |
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PetSmart Fourth Quarter Earnings Call
8th March 2008 00:00 AM |
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| Net income was $258.7 million, or $1.95 a share, up 39.8% from $185.1 million or $1.33 a share in 2006 following a strong top-line performance. |
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| The largest specialty pet retailer of services and solutions for the lifetime needs of pets generated a 22% revenue growth to $458.7 million not withstanding the harsh macro economic environment. The company exited the State Line Tack business, opened a replacement distribution center in Newnan, Georgia, and sold a portion of shares in MMI Holdings, Inc. |
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PetSmart Third Quarter Earnings Call
27th November 2007 00:00 AM |
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| The net income dropped to $29.5 million or 23 cents a share, down 7% from $31.7 million or 23 cents a share in the prior year quarter. |
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| The retailer of pet products reported revenue of $1.12 billion, up 8% from $1.03 billion in last year. The results include a negative impact of $4.7 million pretax related to the exit of the State Line Tack business that was offset by a $5.5 million pre-tax benefit for the recognition of gift card breakage. During the quarter, the average inventory per store fell 7% to end the quarter at $534,000 per store. For 2007, PetSmart is projecting same store sales in the low to mid single-digits. |
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PetSmart Second Quarter Earnings Call
21st August 2007 00:00 AM |
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| The net income rose to $47.1 million or 35 cents a share versus $34.6 million or 25 cents a share in the prior year quarter. |
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| The leading retailer of pet supplies reported revenue of $1.12 billion, up 9% from $1.02 billion in last year, on same store sales growth of 4%. The negative impact from the expenses related to the exit from the State Tack Line business was offset by the renegotiation of the contract with MMI and positive results in insurance expense based on updated actuarial estimates. For fiscal 2007, the company expects to EPS of $2.08 to $2.10, which is an increase from the previous guidance. |
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PetSmart First Quarter Earnings Call
5th June 2007 00:00 AM |
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| The net income grew to $106.7 million or 78 cents per share compared to $41.8 million or 30 cents per share in the previous year. |
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| The retailer of pet supplies, despite a massive recall, reported sales growth of 9.9% to $1.11 billion, on 4% growth in comparable store sales. From March 16 through the end of the quarter, the firm recalled 305 SKUs from 16 brands. The company has been making progress in phasing out its State Line Tack departments in its stores and has sold the assets associated with its equine, Internet and catalog businesses. For the second quarter, the firm estimates earnings of 26 to 28 cents per share. |
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