Petsmart, Inc. (PETM) Tops Q1 EPS by 3c; Adjusts FY14 Outlook

Petsmart, Inc. (NASDAQ: PETM) reported Q1 EPS of $1.04, $0.03 better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.77 billion.

Comparable store sales, or sales in stores open at least one year, including online sales, fell 0.6%, with comparable transactions decreasing 2.2%. Services sales, which are included in net sales, grew 4.5% to $200 million.

Petsmart sees Q2 2014 EPS of $0.92-$0.96, versus the consensus of $1.

Petsmart sees FY2014 EPS of $4.29-$4.39, versus the consensus of $4.45.

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

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