Market Overview

UPDATE: PetSmart Posts Upbeat Q4 Earnings

Related PETM
Sell-Side's View On Whole Foods' New Activist Investor Slightly Cautious
What Everyone's Saying About Under Armour's New CFO

PetSmart (NASDAQ: PETM) reported a drop in its fourth-quarter profit.

PetSmart's quarterly profit declined to $131.5 million, or $1.28 per share, versus a year-ago profit of $134.0 million, or $1.24 per share.

Its revenue slipped to $1.80 billion versus $1.88 billion. However, analysts were estimating earnings of $1.21 per share on revenue of $1.82 billion.

PetSmart projects current-quarter earnings of $0.99 to $1.03 per share.

PetSmart shares gained 1.26% to $68.50 in pre-market trading.

Posted-In: profitEarnings News Guidance


Related Articles (PETM)

View Comments and Join the Discussion!