Shares of PetSmart Inc. (NASDAQ: PETM) are trending higher on Monday following updated preliminary financial results.
For the fourth quarter, the company announced that comparable store sales increased 2.6 percent, while comparable transactions increased 0.6 percent.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
In addition, the company offered fourth quarter EPS guidance, “PetSmart expects to meet or exceed previously issued guidance for the quarter of between $1.34 and $1.38 per share on a non-GAAP adjusted diluted earnings per share basis.
Following the announcement, shares of PetSmart gained roughly 1 percent in pre-market trading, but have cooled off since, now unchanged early Monday.