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PetSmart, Inc. today discussed its strategic priorities for delivering growth and shareholder value at its analyst and investor presentation via webcast.  The webcast began 11 a.m. and ended 1 p.m., Eastern Daylight Time. To access the replay, go to www.Petm.com, click on ‘Events,’ and click on ‘PetSmart Inc. Analyst Meeting’ to be taken to the webcast replay.
PetSmart officials said the company is raising its previous third quarter earnings per share guidance to $0.46 to $0.48 from a previous range of $0.41 to $0.45. For the full year, earnings per share guidance is increasing to $2.46 to $2.52 from a previous range of $2.40 to $2.48.
“Our better than anticipated earnings performance is due to improved comparable stores sales growth in the third quarter,” said Chip Molloy, Senior Vice President and Chief Financial Officer. “We currently expect third quarter comparable store sales growth of 5.5 – 6 percent, compared to a previous range of 3 – 4 percent.”

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