Petsmart, Inc. (PETM) Tops Q2 EPS by 4c; Affirms Outlook

Petsmart, Inc. (NASDAQ: PETM) reported Q2 EPS of $0.98, $0.04 better than the analyst estimate of $0.94. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.73 billion.

Petsmart, Inc. sees Q3 2014 EPS of $0.93-$0.97, versus the consensus of $0.94.

Petsmart, Inc. sees FY2014 EPS of $4.29-$4.39, versus the consensus of $4.32.

Said David Lenhardt, President and Chief Executive Officer, “While we face many of the same headwinds affecting other retailers, we continue to deliver extraordinary value to our customers and achieve strong earnings and cash flows. We are focused on leveraging our competitive strengths, including superior customer focus and loyalty, and capitalizing on the continued growth of the specialty channel. We have already begun implementing a broad range of performance improvement initiatives following the Board’s detailed review of our business over the last several months.”

Separately, the company announced it will explore strategic alternatives for the Company to maximize value for shareholders, including a possible sale of the Company.

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

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