PetSmart reported its financial results for the first quarter of 2011, announcing growth in total sales and net income over the first quarter of 2010.
The company reported a net income of US$71 million in the first quarter of 2011, compared to US$56 million in the first quarter of 2010. Total sales for the first quarter of 2011 increased by 6.8% to US$1.5 billion. Comparable store sales, or sales in stores open at least a year, grew by 5%, helped by 2.7% growth in comparable transactions, according to the company. Services sales, which are included in total sales, increased 9% to US$167 million.
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.