Last $81.21 USD
Change Today +0.05 / 0.06%
Volume 706.3K
PETM On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

petsmart inc (PETM) Key Developments

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

PetSmart, Inc., Q3 2015 Earnings Call, Nov 19, 2014

PetSmart, Inc., Q3 2015 Earnings Call, Nov 19, 2014

KKR Reportedly Interested In Petsmart

Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) is reportedly interested in acquiring PetSmart, Inc. (NasdaqGS:PETM). As reported, other bidders include The Carlyle Group LP (NasdaqGS:CG), Bain Capital, LLC and Apax Partners LLP. First-round bids for PetSmart are due by Halloween in a process that’s being run by JPMorgan Chase, according to two sources close to the action.

 

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PETM

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Valuation PETM Industry Range
Price/Earnings 19.2x
Price/Sales 1.2x
Price/Book 6.5x
Price/Cash Flow 19.0x
TEV/Sales 1.1x
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