PetSmart releases second quarter numbers
Total sales rise by 6.2%, net income increases
PetSmart has released its second quarter fiscal year numbers.
Total company sales rose by 6.2% from the previous year to US$1.4 billion. Net income totaled US$48.4 million compared with US$39.0 million during the same period last year. The increase in net sales, however, was partially impacted by US$5.8 million in favorable foreign currency fluctuations, according to the company. Store sales and service sales both grew, as well, coming in at 4.6% and 7.2% higher than last year, respectively.