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Market Update : 
PetSmart Q3 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 8:49 PM ET December 06 2008


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Peter Benedict – Wachovia

Right. Do you have what the impact was for the fourth quarter of ''07, the inflation impact?

Philip L. Francis

We''ll look it up. What''s your other question?

Peter Benedict – Wachovia

And then the other question, just to clarify on the mix shift or, that occurs in the fourth quarter, are my numbers right in that the food business becomes about 25% to 30% of sales in the fourth quarter?

Philip L. Francis

I''d say your numbers are wrong. We have a slight shift of food going down because hard goods and services go up more, but I mean, food isn''t going to go from 50% to 25%, no.

Peter Benedict – Wachovia

Got it, thank you.

Philip L. Francis

Chip''s got the other one here.

Lawrence P. Molloy

So in Q3 inflation last year was 225 basis points and this year it''s 690, like we said on the script, and then in Q2 it was 220 basis points last year and it was 450 basis points this year.

Philip L. Francis

How about Q4 last year?

Lawrence P. Molloy

And you asked Q4 of last year, Peter?

Peter Benedict – Wachovia

Right.


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