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).
Mutual Funds to Watch
|VMCIX||Vanguard Mid Cap Index||1.82%|
|VTSMX||Vanguard Total Stock Market Index||1.72%|
|VFINX||Vanguard 500 Index||1.10%|