[REPORTING LOSS AFTER CHARGE]
Tuesday August 26 9:47 AM EDT
PETsMART Posts 2Q Loss of $0.31(Aft. Chge.) vs. EPS of
$0.02
PETSMART INC. Interim Consol. Earns.: July '97--Thou. $
13 Wks. to:
Aug. 3 '97
July 28 '96
Net sales
425,860
345,044
Net income
ad35,716
2,164
*Sh. earns.
d$0.31
$0.02
26 Wks.:
Net sales
838,514
675,827
Net income
ad36,462
2,573
*Sh. earns.
d$0.32
$0.02
Aug. 3 '97
July 28 '96
13 wks.
114,758,000
117,538,000
26 wks.
114,475,000
116,672,000
Note:: Pre-tax merger and restructuring costs amounted to
$12,300,000 & $20,364,000 for the 13 & 26-week periods. of
1996.
dDeficit.
*Avge. com. and com. equiv. shs. adjusted for two-for-one stock split of record in July
1997:
+Restated for companies acquired on a pooling-of-interests basis.
aIncluding merger and restructuring charges of $38.2 million or $0.33 per share.
Aug. 25, 1997 PETsMART Inc. announced Aug. '97 13-week loss per share of $0.31 vs earnings
of $0.02 for same period a year ago. 26-week loss of $0.32 vs earnings of $0.02 for same
period a year ago.
Based on average common and common equivalent shares. adjusted for two-for-one stock split
of record in July 1997.
Results or 1996 were restated for companies acquired on a pooling-of-interests basis.
Results for the 13 and 26-week periods of 1997 include merger and restructuring charges of
$0.33 per share.
Note:Pre-tax merger and restructuring costs amounted to $12,300,000 & $20,364,000 for the 13
& 26-week periods. of 1996. |
