yes the reporting today would cause a pause in buying it before for me. but it was good,,,
PHOENIX, June 4 (Reuters) - Petsmart Inc. (PETM,Trade), the No. 1 U.S. pet products retailer, on Tuesday posted sharply higher first quarter profits, as consumers spent more on services for their pets, and the company raised its earnings forecast for the full fiscal year.
The Phoenix-based chain of more than 560 stores posted net income of $22.1 million, or 17 cents a share in the quarter ending May 5, compared with $1.2 million, or 1 cent a share in the year-earlier quarter.
Net sales climbed to $645.8 million from $582.2 million a year earlier, while sales at stores open at least a year increased 12.1 percent.
Services sales for the first quarter were $37 million, up 38 percent from a year earlier. Services include training, grooming and adoption of pets.
Petsmart projected earnings per share of 14 cents to 15 cents for the second quarter, and increased its fiscal 2002 earnings forecast to 66 cents to 69 cents per share.
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