Petsmart Inc. (PETM) reported net income for the third quarter of $38.07 million or $0.31 per share, compared to $35.82 million or $0.28 per share in the year-ago quarter.
Net sales for the third quarter increased 3.5% to $1.29 billion from $1.25 billion in the third quarter of 2008.
Comparable store sales or sales in stores open at least a year grew 0.3% in the third quarter. Pet services sales were $136.7 million, up 8.0 percent from the third quarter of last year.
On average, analysts polled by Thomson Reuters expected the company to earn $0.28 per share, on revenues of $1.28 billion for the quarter. Analysts estimates typically exclude special items.
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