Content about PetSmart Inc.

March 5, 2014

PetSmart Inc. had a better fiscal year than fourth quarter 2013, with net income and sales rising during the year but falling during the quarter, compared to the same periods a year earlier.

Phoenix - PetSmart Inc. had a better fiscal year than fourth quarter 2013, with net income and sales rising during the year but falling during the quarter, compared to the same periods a year earlier. During the fiscal year, net income rose 8% to $419.5 million from $389.5 million, while net sales grew 3% to $6.91 billion from $6.71 billion and same-store sales increased 2.7%.

January 14, 2014

PetSmart Inc. announced changes to its management team in conjunction with the retirement of its president and COO, Joseph O’Leary.

Phoenix -- PetSmart Inc. announced changes to its management team in conjunction with the retirement of its president and COO, Joseph O’Leary.

PetSmart CEO, David Lenhardt, will assume the title of president and CEO when O’Leary steps down. The company will not replace the COO position. Instead it will realign the responsibilities among four newly created executive VP positions, with Lenhardt assuming the title of president and CEO, with the changes effective April 4, 2014.   

October 17, 2013

PetSmart Inc. has issued guidance for fiscal year 2013 for total sales growth of 3%-4%, as well as same-store sales growth of 3%-4%, compared to the prior fiscal year.

Phoenix – PetSmart Inc. has issued guidance for fiscal year 2013 for total sales growth of 3%-4%, as well as same-store sales growth of 3%-4%, compared to the prior fiscal year. PetSmart also slightly downgraded previous same-store sales guidance for the third quarter of fiscal 2013 to 2.2%-2.5%, from previously issued guidance of 3%-4%.

March 7, 2013

PetSmart Inc. reported a 31% increase in its fiscal fourth-quarter profit, helped by an extra week of sales. But its forecast for this year disappointed investors.

Phoenix -- PetSmart Inc. reported a 31% increase in its fiscal fourth-quarter profit, helped by an extra week of sales. But its forecast for this year disappointed investors.

The company earned $134 million for the quarter ended Feb. 3, up from $102 million in the year-ago period.

Revenue rose 15% to $1.88 billion from $1.64 billion, helped by an extra week of sales in the more recent quarter. Same-store sales rose 4.6%.

For the full year, PetSmart’s revenue rose 11% to $6.8 billion.

 

March 1, 2012

PetSmart Inc. reported Thursday that profit for the fourth quarter rose 13% to $102 million, compared with $90.3 million in the year-ago period.

Phoenix -- PetSmart Inc. reported Thursday that profit for the fourth quarter rose 13% to $102 million, compared with $90.3 million in the year-ago period.

Revenue during the quarter was $1.64 billion, up from $1.52 billion a year earlier and beating Wall Street’s expected $1.62 billion in revenue. Same-store sales rose 5.5%.

For the full year of 2011, the company reported net income of $290.2 million, up from $239.9 million in 2010. Revenue for the year was $6.11 billion, up from $5.69 billion the year before.

November 17, 2011

PetSmart Inc. reported that net income for the quarter ended Oct. 30 rose 22% to $56.2 million, from $45.6 million a year earlier.

Phoenix -- PetSmart Inc. reported Thursday that net income for the quarter ended Oct. 30 rose 22% to $56.2 million, from $45.6 million a year earlier.

Revenue rose nearly 8% to $1.5 billion from $1.4 billion, just beating Wall Street’s expected $1.49 billion in revenue. Same-store sales increased 6.1%. 
 

September 4, 2007

Phoenix, PetSmart Inc....