Last $82.91 USD
Change Today +0.01 / 0.01%
Volume 850.6K
PETM On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

petsmart inc (PETM) Key Developments

PetSmart Provides Preliminary Earnings Results for the Fourth Quarter of 2014; Reports Comparable Store Sales Results for the Fourth Quarter of 2014

PetSmart provided preliminary earnings results for the fourth quarter of 2014. The company expects to meet or exceeds its previously issued guidance for the fourth quarter as sales gained. The company had previously said that it expected non-GAAP adjusted diluted earnings per share between $1.34 and $1.38. The company reported comparable store sales results for the fourth quarter of 2014. The company reported comparable store sales rose 2.6% in the period with average ticket increasing 2.0%, and comparable transactions increasing 0.6%.

The Shareholders Foundation, Inc. Files Lawsuit against Acquisition of PetSmart, Inc

The Shareholders Foundation, Inc. announced that an investor, who currently holds shares of PetSmart, Inc. (PETM), filed a lawsuit in effort to stop the proposed takeover of PetSmart, Inc. by BC Partners, Inc. for $83.00 per PETM share. Investors, who purchased shares of PetSmart, Inc. prior to December 14, 2014, and currently hold any of those (PETM) shares, have certain options and should contact the Shareholders Foundation, Inc. The plaintiff alleges that the defendants breached their fiduciary duties owed to (PETM) stockholders by agreeing to sell PetSmart, Inc. too cheaply via an unfair process to BC Partners, Inc.

Apollo Global Reportedly To Acquire For PetSmart

Leon Black, Chief Executive Officer of Apollo Global Management, LLC (NYSE:APO) is seen as the most aggressive suitor, and likely winner, of the nearly concluded auction for PetSmart, Inc. (NasdaqGS:PETM), a source close to the situation said on December 1, 2014. "They want it. They were first around the process and have done a ton of work," the source said. "They are the favorite." Apollo is expected to offer between $78 and $82 per share ($8.1 billion to $8.5 billion) at Thursday's final bidding deadline for the 1,387-store chain, the source said. Apollo and PetSmart declined comment.

PetSmart, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 2, 2014; Updates Earnings Guidance for the Fiscal Year 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014

PetSmart, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended November 2, 2014. For the quarter, the company's net sales were $1,739.12 million compared with $1,695.17 million a year ago. Operating income was $151.0 million compared with $152.7 million a year ago. Income before income tax expense and equity income from Banfield was $138.5 million compared with $139.7 million a year ago. Net income was $92.2 million or $0.92 per diluted share compared with $92.2 million or $0.88 per diluted share a year ago. Non-GAAP adjusted income before income tax expense and equity income from Banfield was $154.6 million compared with $139.7 million a year ago. Non-GAAP net income was $102.2 million or $1.02 per diluted share compared with $92.2 million or $0.88 per diluted share a year ago. The company generated $125.3 million in cash flows from operating activities, invested $37.1 million in capital expenditures during the quarter. For the nine months, the company's net sales were $5,198.19 million compared with $5,111.76 million a year ago. Operating income was $485.7 million compared with $476.7 million a year ago. Income before income tax expense and equity income from Banfield was $447.1 million compared with $437.8 million a year ago. Net income was $294.0 million or $2.95 per diluted share compared with $288.0 million or $2.75 per diluted share a year ago. Non-GAAP adjusted income before income tax expense and equity income from Banfield was $463.2 million compared with $437.8 million a year ago. Non-GAAP net income was $304.0 million or $3.05 per diluted share compared with $288.0 million or $2.75 per diluted share a year ago. The company is updating its fiscal year 2014 outlook. The company expects comparable store sales growth relatively flat, net sales growth in the low-single digits, GAAP diluted earnings per share of $4.24 to $4.29, non-GAAP adjusted diluted earnings per share of $4.39 to $4.43, capital expenditures are now expected to be between $140 million to $150 million. For the fourth quarter of fiscal 2014, the company expects comparable store sales growth slightly positive, GAAP diluted earnings per share of $1.30 to $1.34, non-GAAP adjusted diluted earnings per share of $1.34 to $1.38.

PetSmart, Inc. to Report Q3, 2015 Results on Nov 19, 2014

PetSmart, Inc. announced that they will report Q3, 2015 results at 10:00 AM, US Eastern Standard Time on Nov 19, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PETM:US $82.91 USD +0.01

PETM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Advance Auto Parts Inc $154.93 USD -0.45
Barnes & Noble Inc $24.90 USD -1.02
Big Lots Inc $47.71 USD -0.02
Casey's General Stores Inc $87.75 USD -1.74
Family Dollar Stores Inc $78.74 USD +0.13
View Industry Companies
 

Industry Analysis

PETM

Industry Average

Valuation PETM Industry Range
Price/Earnings 19.6x
Price/Sales 1.2x
Price/Book 6.7x
Price/Cash Flow 19.4x
TEV/Sales 1.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PETSMART INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.