PetSmart Inc. (PETM) reported second quarter net income of $0.71 per share after the bell Wednesday, up from $0.54 per share last year. The consensus estimate was for EPS of $0.66. The company expects to report third quarter EPS of $0.59 to $0.63 and between $3.30 and $3.40 for the full year. The consensus estimates are for EPS of $0.61 and $3.31.
PetSmart gapped open sharply higher Thursday, but was range-bound for the majority of the session. The stock closed up by 3.09 at $70.53 on the highest volume in nearly 3 months. PetSmart broke out of a 2-month range and set a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.