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

Shauna O'Brien Mar 04, 2015

Before the opening bell on Wednesday, pet supply retailer PetSmart (PETM) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside PETM’s Results

Earnings

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.

Revenue
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

In December, PetSmart agreed to be acquired by BC Partners for $8.2 billion. This Friday, the company’s shareholders will vote on the deal which is expected to close this quarter.

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

Investors interested in gaining exposure to PETM may also consider one of the funds listed below. The funds below currently own the largest stakes in PETM.

Symbol	Mutual Fund	Stake
VMCIX	Vanguard Mid Cap Index	1.82%
{% mutualfund VTSMX %}	Vanguard Total Stock Market Index	1.72%
{% mutualfund VFINX %}	Vanguard 500 Index	1.10%

The Bottom Line

The funds above are a great way for investors to gain exposure to PETM while still remaining diversified. Investors interested in PETM may also be interested in VCA Inc (WOOF).