PetSmart Beats on Top Line; Revs In-Line (PETM)

PetSmart, Inc. PETM reports Q2 EPS of $0.41 versus estimates of $0.36. PetSmart, Inc. reports revenues of $1.39 billion versus estimates of $1.39 billion. Revenues increased 6.2% year over year. Comp store sales increased 4.6% in Q2. Service sales increased by 7.2% to $165 million. "We are pleased to report that in the second quarter, we continued to execute on our strategic priorities, and delivered another quarter of consistent, quality earnings growth," said Bob Moran, Chief Executive Officer and President. "Our results for the second quarter have exceeded our goals, and demonstrate our ability to drive and deliver solid earnings growth, while continuing to invest in innovative product offerings and strengthening our brand." Shares of PETM are lower in the after-hours by 0.56%.