PetSmart shares have jumped 31% thus far in 2010, according to TheStreet. The company has a solid track record of being recession-proof. Sales of pet products are on track to increase this year, with the potential for US$47.7 billion in 2010, especially with an increasing amount of premium and specialty petfood sales and more people owning pets.
PetSmart has a market value of US$3.5 billion, with revenue of US$1.4 billion in the most recent quarter, signaling a 6.2% increase.
PetMed Express declined 3% so far this year, likely because Americans are spending less on pet medications. But, as a low-cost business model, the company maintains good long-term appeal, and may rebound as Americans begin to spend more in this area.
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.