Content about Chip Molloy

November 15, 2012

Broad-based strength at PetSmart enabled the nation’s leading pet specialty retailer to produce a third quarter same store sales increase of 6.5% and grow profits by 50%.

Broad-based strength at PetSmart enabled the nation’s leading pet specialty retailer to produce a third quarter same store sales increase of 6.5% and grow profits by 50%.

The company said total sales for the period ended October 28 increased 9% to $1.6 billion, net income increased 46% to $82 million and earnings per share increased 50% to 75 cents, well ahead of the 63 cents analysts were expecting. PetSmart ended the quarter with 1,269 stores.