What PetSmart's Earnings Mean For Mutual Fund Investors (PETM)

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What PetSmart's Earnings Mean For Mutual Fund Investors (PETM)

Shauna O'Brien Mar 04, 2015

Inside PETM’s Results

The company reported net income of $132.1 million, or $1.32 per share, up from $131.5 million, or $1.28 per share, last year. Excluding special items, earnings were $1.43 per share – above analysts’ view of $1.43 per share.

Sales rose 6% to $1.91 billion from $1.8 billion last year. Analysts expected to see revenue of $1.87 billion.

Shareholders to Vote on Takeover Deal

The company put itself up for sale in 2014 after facing pressures from activist investor Jana Partners. PETM has been faced with increased competition from big-name retailers including Target (TGT) and Wal-Mart (WMT).

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