PetSmart Issues Statement Regarding JANA Partners Schedule 13D Filing

  PetSmart Issues Statement Regarding JANA Partners Schedule 13D Filing

Business Wire

PHOENIX -- July 3, 2014

PetSmart, Inc. (NASDAQ:PETM), the leader in pet specialty retail, today issued
the following statement regarding the Schedule 13D filed today by JANA
Partners:

PetSmart welcomes open communications with its shareholders and values
constructive input toward the goal of enhancing shareholder value. Our Board
and management team are committed to creating value for all PetSmart
shareholders, and we will continue to take actions to accomplish this goal and
position the Company for growth and success.

About PetSmart

PetSmart, Inc. (NASDAQ:PETM) is the largest specialty pet retailer of services
and solutions for the lifetime needs of pets. The company employs
approximately 53,000 associates and operates 1,340 pet stores in the United
States, Canada and Puerto Rico, 200 in-store PetSmart® PetsHotel® dog and cat
boarding facilities and is a leading online provider of pet supplies and pet
care information (http://www.petsmart.com). PetSmart provides a broad range of
competitively priced pet food and pet products; and offers dog training, pet
grooming, pet boarding, PetSmart Doggie Day CampSM day care services and pet
adoption services. Through its in-store pet adoption partnership with PetSmart
Charities® and PetSmart Charities® of Canada, PetSmart has helped save the
lives of more than 5.7 million pets since 1994. PetSmart Charities, Inc. and
PetSmart Charities of Canada (collectively “PetSmart Charities”) are
independent, nonprofit organizations that save the lives of homeless pets and
reduce shelter intake through spay and neuter efforts. In 2013, nearly 440,000
dogs and cats found homes through PetSmart Charities’ adoption centers in all
PetSmart stores and by sponsoring community adoption events. PetSmart
Charities is the leader in granting money to help pets in need, with more than
$34 million given in 2013 throughout North America.

Forward-looking statements

This news release contains forward-looking statements concerning our
expectations for future performance, including the statements comprising our
2014 guidance. These "forward-looking statements" are based on currently
available information, operating plans and projections about future events and
trends. They inherently involve risks and uncertainties that could cause
actual results to differ materially from those predicted in such
forward-looking statements. Such risks and uncertainties include, but are not
limited to: changes in general economic conditions; conditions affecting
customer transactions and average ticket including, but not limited to,
weather conditions or other seasonal events; our ability to compete
effectively; disruption of our supply chain; our ability to effectively manage
our growth and operations; changes in our cost structure; and changes in the
legal or regulatory environment. Undue reliance should not be placed on such
forward-looking statements as they speak only as of the date hereof, and we
undertake no obligation to update these statements to reflect subsequent
events or circumstances except as may be required by law. For additional
information on these and other factors that arise when investing in PetSmart,
please see our filings with the Securities and Exchange Commission, including
our most recent annual report on Form 10-K and subsequent reports on Forms
10-Q and 8-K.

Contact:

PetSmart, Inc.
April Lenhard, 623-587-2025
Investor Relations
or
Joele Frank, Wilkinson Brimmer Katcher
Matthew Sherman / Kelly Sullivan / Alyssa Cass
212-355-4449
 
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