PetSmart (PETM) Q4 Comps Rose 2.6%; Sees Meeting, Exceeding Q4 EPS Outlook

PetSmart (NASDAQ: PETM) announced select preliminary results for the fourth quarter of 2014. Comparable store sales for the period increased 2.6%, with average ticket increasing 2.0%, and comparable transactions increasing 0.6%.

In addition, based on preliminary results, 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.

*** The Street sees Q4 EPS of $1.37.

As announced on December 14, 2014, the company entered into a definitive agreement to be acquired by a consortium led by BC Partners, Inc. at a price of $83.00 per share in cash. The special meeting of shareholders to consider and vote on the transaction will be held on March 6, 2015.

The company announced it will release its results for the fourth quarter and fiscal year 2014 before market open on Wednesday, March 4, 2015.

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