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.
By Lindsay Beaton
Pet food safety is top-of-mind all along the production line, and everything from the ingredients to the equipment must offer solutions.
By Debbie Phillips-Donaldson
Many hours, efforts, dollars and brainpower go into pet food companies’ and regulatory bodies’ efforts to ensure that products on the market are safe and healthy for pets.