UPDATE: Petsmart, Inc. (PETM) Tops Q4 EPS by 3c; Guides Q1, FY13

March 6, 2013 4:13 PM EST
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Price: $82.98 --0%

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Gross profit: 512.16M

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(Updated - March 6, 2013 4:47 PM EST)

Petsmart, Inc. (Nasdaq: PETM) reported Q4 EPS of $1.24, $0.03 better than the analyst estimate of $1.21. Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.89 billion.

Comparable store sales, or sales in stores open at least a year, grew 4.6 percent. Comps in the same period last year improved 5.4 percent.

Services sales rose 15 percent to $194 million, but remained flat at 10.3 percent of total revs.

The company was modeling Q4 EPS of $1.24, inclusive of the extra week in the quarter.

Operating cash flow rose from $575 million last year up to $696 million.

Sees FY2013 EPS of $3.76 to $3.92, versus the consensus of $3.53. Sees comparable store sales growth of 2 to 4 percent.

Also sees Q13 EPS of $0.92 to $0.98, versus the consensus of $0.94. Expects comps to rise 2 to 4 percent.

For earnings history and earnings-related data on Petsmart, Inc. (PETM) click here.

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