Last $71.57 USD
Change Today +0.02 / 0.03%
Volume 1.3M
PETM On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

petsmart inc (PETM) Snapshot

Open
$71.75
Previous Close
$71.55
Day High
$71.82
Day Low
$71.14
52 Week High
10/1/13 - $77.32
52 Week Low
05/27/14 - $55.00
Market Cap
7.1B
Average Volume 10 Days
1.9M
EPS TTM
$4.18
Shares Outstanding
99.3M
EX-Date
07/30/14
P/E TM
17.1x
Dividend
$0.78
Dividend Yield
1.09%
Current Stock Chart for PETSMART INC (PETM)

petsmart inc (PETM) Details

PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in the United States, Puerto Rico, and Canada. The company offers consumables, such as pet food, treats, and litter; and hardgoods, which include pet supplies and other goods comprising collars, leashes, health care supplies, grooming and beauty aids, toys, apparel, and pet beds and carriers, as well as aquariums and habitats, accessories, décor, and filters for fish, birds, reptiles, and other small pets. It also provides fresh-water fish, small birds, reptiles, and small pets; and pet services, such as dog training, pet grooming, and pet adoption services. In addition, the company operates PetSmart PetsHotels that offer boarding for dogs and cats; provides personalized pet care, temperature controlled rooms and suites, daily specialty treats and play time, and day camp services for dogs; and operates veterinary hospitals, which offer services comprising routine examinations and vaccinations, dental care, a pharmacy, and surgical procedures. As of August 19, 2014, it operated approximately 1,352 pet stores; and 200 in-store PetSmart PetsHotel dog and cat boarding facilities in the United States, Canada, and Puerto Rico. The company also offers pet food and pet products through an e-commerce site, PetSmart.com. PetSmart, Inc. was founded in 1986 and is based in Phoenix, Arizona.

26,000 Employees
Last Reported Date: 03/27/14
Founded in 1986

petsmart inc (PETM) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $884.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $567.6K
Executive Vice President of Store Operations,...
Total Annual Compensation: $420.2K
Special Advisor
Total Annual Compensation: $514.2K
Compensation as of Fiscal Year 2013.

petsmart inc (PETM) Key Developments

PetSmart, Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014 ; Provides Earnings Guidance for the Third Quarter and Full Year of 2014; Expects to Open Approximately 20 Micro Stores in the Second Half of 2014

PetSmart, Inc. announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $1,729,939,000, operating income of $162,952,000, income before income tax expense and equity income from banfield of $150,062,000, net income of $98,116,000 or $0.98 per diluted share compared to the net sales of $1,705,997,000, operating income of $156,550,000, income before income tax expense and equity income from banfield of $143,722,000, net income of $93,368,000 or $0.89 per diluted share for the same quarter a year ago. The company generated $92 million in cash flows from operating activities during the quarter. The company spent $36 million on capital expenditures during the second quarter. For the six months period, the company reported net sales of $3,459,071,000, operating income of $334,710,000, income before income tax expense and equity income from banfield of $308,637,000, net income of $201,882,000 or $2.02 per diluted share compared to the net sales of $3,416,593,000, operating income of $324,068,000, income before income tax expense and equity income from banfield of $298,072,000, net income of $195,783,000 or $1.87 per diluted share for the same period a year ago. Based on the company's year-to-date results and outlook for the remainder of the year in light of the consumer environment and competitive market, the Company affirmed its fiscal year 2014 outlook. This guidance does not include the impact of the Pet360 acquisition or the benefits or costs associated with the cost improvement initiatives outlined above. For the year 2014, the company expected comparable store sales relatively flat, net sales growth in the low-single digits, earnings per share between $4.29 to $4.39 and operating cash flow between $600 to $625 million. The anticipated tax rate is around 38%. For the third quarter of 2014, the company expected comparable store sales growth flat to slightly down and earnings per share of $0.93 to $0.97. The tax rate for the third quarter is expected to be around 38%. The third quarter and full year guidance excludes the impact of the Pet360 acquisition. The guidance excludes the impact of the Pet360 acquisition. The company currently planning to open approximately 20 micro stores in the second half of this 2014.

PetSmart Explores Strategic Alternatives

PetSmart, Inc. (NasdaqGS:PETM) announced on August 19, 2014 that based on a thorough business review that began last spring, the Board of Directors has determined that it will explore strategic alternatives for PetSmart to maximize value for shareholders, including a possible sale of PetSmart. Gregory P. Josefowicz, Chairman, said, “Notwithstanding our confidence in the Company’s future prospects, following a detailed Board review of the Company over the last several months, including many constructive conversations with a wide range of shareholders, we have decided to explore options to maximize shareholder value, including a potential sale of the Company.” “Whatever the outcome of the process, we are as committed as ever to continuing to meet the needs of our customers and their pets, attracting and retaining world class talent, and driving sales and margins,” said Josefowicz, “We are not providing a timetable for our process, nor do we intend to comment further or update the market until it is complete.” The Board has been working with JP Morgan Securities LLC and Wachtell, Lipton, Rosen & Katz to assist in the process.

Petsmart Putting It Self For Sale

PetSmart, Inc. (NasdaqGS:PETM) puts itself up for sale. Gregory P. Josefowicz, Chairman, said, “Notwithstanding our confidence in Petsmart future prospects, following a detailed Board review of the Company over the last several months, including many constructive conversations with a wide range of shareholders, we have decided to explore options to maximize shareholder value, including a potential sale of Petsmart.” “Whatever the outcome of the process, we are as committed as ever to continuing to meet the needs of our customers and their pets, attracting and retaining world class talent, and driving sales and margins,” said Josefowicz, “We are not providing a timetable for our process, nor do we intend to comment further or update the market until it is complete.” The Board has been working with JP Morgan Securities LLC and Wachtell, Lipton, Rosen & Katz to assist in the process.

 

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PETM

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Valuation PETM Industry Range
Price/Earnings 17.1x
Price/Sales 1.0x
Price/Book 6.1x
Price/Cash Flow 16.7x
TEV/Sales 0.9x
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