Key Developments For PETsMART, Inc.
PETsMART, Inc. (PETM.O) (Nasdaq)
PetSmart, Inc. Issues Q4 2009 Guidance In Line With Analysts' Estimates; Raises FY 2009 EPS Guidance; Comments On Q4 2009 Comparable Store Sales Guidance
PetSmart, Inc. announced that for fourth quarter of 2009, it expects earnings per share (EPS) between $0.52-$0.56 and comparable store sales of flat to low single digits. For fiscal 2009, the Company expects EPS between $1.50-$1.54. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.55 for the fourth quarter of 2009; EPS of $1.50 for fiscal 2009.
PetSmart, Inc. Expands Recall on Pet Carousel, Inc. Products
PetSmart, Inc. announced that it is extending a voluntary recall on beef hoof products to include a total of 14 products. These items were manufactured by Pet Carousel, Inc. in Sanger, Calif., and include beef hoof chews as well as certain rope toys with hoof or bone components. The date range for purchasing affected products has been expanded to include products purchased from September 1, 2009, to November 6, 2009.
PetSmart, Inc. Voluntarily Recalls Dentley's Beef Hooves
PetSmart, Inc. announced that it is voluntarily recalling two Dentley's Beef Hoof products for potential salmonella contamination. The products were manufactured by Pet Carousel, Inc. in Sanger, California. The recalled products include only the following types of Dentley's Beef Hooves purchased between October 2, 2009 and November 3, 2009: Dentley's Bulk Cattle Hoof UPC# 73725703323 Dentley's 10 Pack Beef Hooves UPC# 73725736055 No other products are included in this recall.
PetSmart, Inc. Raises Q3 , FY 2009 EPS Guidance
PetSmart, Inc. raised its third quarter of 2009 earnings per share (EPS) guidance to $0.25 to $0.29. For fiscal 2009, it expects EPS between $1.43-$1.51. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.22 for the third quarter of 2009; EPS of $1.42 for fiscal 2009.
PetSmart, Inc. Declares Quarterly Cash Dividend
PetSmart, Inc. announced that it has declared a quarterly common stock cash dividend of $0.10 per share. The dividend is payable November 13, 2009 to shareholders of record at the close of business on October 30, 2009.
