PetSmart Inc. recently reported earnings of US$0.46 per share in its first quarter of 2010, up 24% compared to $0.37 per share in the first quarter of 2009. The company's net income totaled US$55.6 million in the first quarter of 2010, compared to US$46.3 million in the first quarter of 2009.
Total sales for the first quarter of 2010, which were partially impacted by US$12 million in favorable foreign currency fluctuations, increased 5.1% to US$1.4 billion.
During the first quarter, the company generated US$86 million in operating cash flow, spent US$31 million in capital expenditures, distributed US$12 million in dividends, and repurchased US$107 million of PetSmart stock.
2 top trends for 2021 according to the pet food industry
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
Shelter pet adoption numbers down in 2020, but high rate
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.