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.
Looking ahead for the fourth quarter, the company expects earnings between $0.52 and $0.56 per share and comparable store sales of flat to low single digits.
Analysts currently expect earnings of $0.55 per share for the fourth quarter.
For the full year, the company now expects earnings between $1.50 and $1.54 per share. Earlier, the company had expected earnings in the range of $1.43 - $1.51 per share.
Analysts currently expect earnings of $1.50 per share for the full year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.