PetSmart Inc. announced an increase of 2.6% in store sales for the fourth quarter of 2014, with average ticket increasing 2% and comparable transactions increasing 0.6%
Based on preliminary results, PetSmart says it expects to meet or exceed previously issued guidance for the quarter of between $1.34 and $1.38 per share on a non-GAAP adjusted diluted earnings per share basis.
As announced on December 14, 2014, the company entered into a definitive agreement to be acquired by a consortium led by BC Partners Inc. at a price of $83 per share in cash. The special meeting of shareholders to consider and vote on the transaction will be held March 6, 2015.
The company announced it will release its results for the fourth quarter and fiscal year 2014 before market open on Wednesday, March 4, 2015.
Feature
By Lindsay Beaton
Packaging continues to be a primary way for pet food companies to speak to their customers.
Feature
By Lindsay Beaton
Pet treat trends are largely following pet food trends as pet parents look to bond with their animals.