Advertisement

Pet Food News
on August 26, 2009

PetSmart lowers annual profit estimates

PetSmart Inc. announced lowering profit estimates for the full year, according to The Associated Press.

PetSmart Inc.  announced lowering profit estimates for the full year, according to The Associated Press .

Despite profits being 5% higher in the second quarter than what analysts projected (shares were US$0. 31 each versus a projected US$0.29), PetSmart lowered its earnings forecast to between US$1.37 and US$1.45 per share from a prior range of US$1.42 to US$1.52.

Comments powered by Disqus

Advertisement