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Non-Tech : PETM - Petsmart -- Ignore unavailable to you. Want to Upgrade?

To: Diamondcutter who wrote (1201)	5/27/1998 6:21:00 PM
From: TRON	Respond to of 1508

Anyone know the phone #/access code for today's conference call? Thanks.

To: Diamondcutter who wrote (1201)	5/28/1998 2:56:00 AM
From: Anthony Wong	Respond to of 1508

Just for future reference, here's the URL for the earnings report: news.com^26Supplies~PETM~BLO~517185340~~~~~,00.html Hopefully there'll be some anyalyst upgrades coming.

To: Diamondcutter who wrote (1201)	5/28/1998 3:03:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 1508

Two reports from Dow Jones: May 27, 1998 5:45 PM DOW JONES ONLINE NEWS PETSMART POSTS 1ST-QUARTER PROFIT AGAINST YEAR-AGO LOSS PetSmart Inc. - Phoenix 1st Quar May 3: 1998 1997 Sales $496,564,000 $412,654,000 Net income 153,000 a (746,000) Avg shrs (basic) 115,745,000 114,295,000 Avg shrs (diluted) 116,763,000 114,295,000 Shr earns (basic & diluted) Net income .... a (.01) Figures in parentheses are losses. a. Includes merger and integration charges from acquisition of Pet City Holdings PLC. Excluding charges, income was $5.7 million, or 5 cents a share. PetSmart Inc. (PETM) first-quarter same-store sales in North America rose 6.4% from a year ago, while United Kingdom same-store sales rose 1% from a year ago. PetSmart is a pet food and supplies retailer. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved. May 27, 1998 5:20 PM DOW JONES NEWS SERVICE MICHAELS, PETSMART SLOUCH IN AFTERMARKET TRADING NEW YORK (Dow Jones)--Michaels Stores Inc.'s (MIKE) stock retracted slightly in aftermarket trading, despite beating Wall Street's first-quarter forecasts by a penny. The Irving, Texas, company, which owns and operates retail store chains, recently stepped back to 29 3/8, after settling flat with its previous close of 29 1/2. Michaels earned 18 cents a diluted share, while a First Call consensus estimate put earnings at 17 cents. A year ago, the company posted earnings of 12 cents. PetSmart Inc. (PETM) was also active during the late session, following news of its first-quarter results, which were right in line with consensus predictions. The stock pulled back a tad after-hours, moving down to 10 15/16, after settling up 1/8, or 1.1%, at 11. The pet food and supplies superstore chain broke even, as Wall Street had expected. A year ago, the Phoenix company posted earnings of 5 cents a share, excluding a charge. Several other companies that made announcements after the market close remained relatively inactive. -Tara Siegel; 201-938-5176