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Author Topic: PetSmart Updates Estimated Fourth Quarter 2007 Results  (Read 7261 times)
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3catkidneyfailure
Guest
« on: January 22, 2008, 08:28:02 PM »

http://phx.corporate-ir.net/phoenix.zhtml?c=196265&p=irol-newsArticle&ID=1098775&highlight=

PetSmart Updates Estimated Fourth Quarter 2007 Results
PHOENIX, AZ, Jan 22, 2008 (MARKET WIRE via COMTEX News Network) -- PetSmart, Inc. (NASDAQ: PETM) announced today that it now expects comparable store sales growth between 0.0% and 1.0% for the fourth quarter of its 2007 fiscal year. PetSmart's earnings per share projection is now $0.57 to $0.61 per diluted share for the fourth quarter, which includes an estimated benefit of $0.07 per share for a 53rd week of sales. The revised forecast compares with the company's previous estimates of diluted earnings per share of $0.70 to $0.74 in the fourth quarter, which included an estimate of $0.08 per share for a 53rd week of sales.
"We experienced relatively weak sales during the later half of November and the majority of December in what we believe was a challenging consumer environment," said Philip L. Francis, PetSmart chairman and CEO. "We are encouraged by slight improvements during the last week of December and first part of January; however, it is unlikely those improvements are significant enough for us to achieve our previously announced EPS estimates."

The company will announce its fourth quarter and 2007 earnings on March 5, 2008.


Keep on home-cooking!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
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Nabiya
Guest
« Reply #1 on: January 22, 2008, 08:47:28 PM »

I love the "challenging consumer environment."  Does Phil mean us, the snobs at Itchmo?
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3catkidneyfailure
Guest
« Reply #2 on: January 22, 2008, 09:07:56 PM »

Whooooo-hooooo, I hope so, among lots of others, since they keep on pushing the usual suspects, including Nutro.
« Last Edit: January 22, 2008, 09:12:16 PM by 3catkidneyfailure » Logged
kaffe
Guest
« Reply #3 on: January 22, 2008, 09:22:46 PM »

Why don't they admit that they have lost a lot of customers who used to buy their petfoods?  These former customers are now making their own petfood and/or buying from indie stores.  Its a big chunk off their customer base.
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sharky
Guest
« Reply #4 on: January 22, 2008, 09:35:48 PM »

Why don't they admit that they have lost a lot of customers who used to buy their petfoods?  These former customers are now making their own petfood and/or buying from indie stores.  Its a big chunk off their customer base.

 I actually realized I dont buy much food at the big box store s... my feed store carry many of the same brands plus a few indie type ... and the independent store has way better buys..
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catbird
Guest
« Reply #5 on: January 23, 2008, 06:59:14 AM »

I am proud to be part of that "challenging consumer environment."   Grin
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Carol
Hero Member
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Posts: 3200


« Reply #6 on: January 23, 2008, 07:11:06 AM »

I am proud to be part of that "challenging consumer environment."   Grin

Me too----gone are the days when we only know what they want us to-----

Anytime one questions "authority" I think this results----but when these big box companies and PFI realize that we are the reason they exist and that we do matter---they will never get it!!

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“Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has.” — Margaret Mead

United we stand     Divided we fall....
Offy
Guest
« Reply #7 on: January 23, 2008, 07:27:40 AM »

PetSmart only gets my litter purchases and a purr pad since the recall.

One thing we seem to be doing is going to independant and small businesses.  That's good for the economy and Americans. The small businesses also understand consumer relations and are responsive. PetSmart is clueless and their numbers reflect that IMO.

PetSmart with their corporate attitude needs to figure out that organic foods are important - there's not a single one at the store I go to. I told them even the grocery stores understand that and that their business is going to suffer because of their own poor understanding of their market. I was really upset with their failure to respond to the changes consumers made due to the pet food recall. That mentality has conversely helped local economies for lots of small businesses.. and that is a good thing.
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sharky
Guest
« Reply #8 on: January 23, 2008, 08:45:19 AM »

PetSmart only gets my litter purchases and a purr pad since the recall.

One thing we seem to be doing is going to independant and small businesses.  That's good for the economy and Americans. The small businesses also understand consumer relations and are responsive. PetSmart is clueless and their numbers reflect that IMO.

PetSmart with their corporate attitude needs to figure out that organic foods are important - there's not a single one at the store I go to. I told them even the grocery stores understand that and that their business is going to suffer because of their own poor understanding of their market. I was really upset with their failure to respond to the changes consumers made due to the pet food recall. That mentality has conversely helped local economies for lots of small businesses.. and that is a good thing.

the one I work in not at Wink.... has two brands in dog and two in cat that are organic... IMHO wouldnt touch them as they add lots of grains to make them;) :oat one with none
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Offy
Guest
« Reply #9 on: January 23, 2008, 09:15:53 AM »

PetSmart only gets my litter purchases and a purr pad since the recall.

One thing we seem to be doing is going to independant and small businesses.  That's good for the economy and Americans. The small businesses also understand consumer relations and are responsive. PetSmart is clueless and their numbers reflect that IMO.

PetSmart with their corporate attitude needs to figure out that organic foods are important - there's not a single one at the store I go to. I told them even the grocery stores understand that and that their business is going to suffer because of their own poor understanding of their market. I was really upset with their failure to respond to the changes consumers made due to the pet food recall. That mentality has conversely helped local economies for lots of small businesses.. and that is a good thing.

the one I work in not at Wink.... has two brands in dog and two in cat that are organic... IMHO wouldnt touch them as they add lots of grains to make them;) :oat one with none

I had that conversation with them too about the grain free. And, when I asked about raw foods for cats they sent me to a freezer location in dog area said it was there... I went back and said Cat, not dog. Oh, we don't carry any. Are you going to? Not that I know.

Basically that left me only buying litter, and the 2 purr pads that MK claimed (& rarely shares).

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sharky
Guest
« Reply #10 on: January 23, 2008, 09:26:15 AM »


the one I work in not at Wink....

pet food rep or demonstrator?
both and neither;).... neither is the job title both are what the job entails
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catbird
Guest
« Reply #11 on: January 23, 2008, 10:29:19 AM »

And is part of the job description also monitoring this forum all day?  Enquiring minds want to know.
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EricV2
Full Member
***
Posts: 177


« Reply #12 on: January 23, 2008, 10:41:19 AM »

You wouldn't happen to be working for Mars would you? Maybe in their Nutro line... I still find it strange that someone would advocate both raw feeding and Nutro kibble.

And it does seem that you're both here and at The Cat Site, watching every thread rather closely.
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sharky
Guest
« Reply #13 on: January 23, 2008, 10:47:16 AM »

And is part of the job description also monitoring this forum all day?  Enquiring minds want to know.

NO ... I just happen to work most of the week from my house...

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JanC
Guest
« Reply #14 on: January 23, 2008, 11:13:02 AM »

And is part of the job description also monitoring this forum all day?  Enquiring minds want to know.

Thank you for my laugh of the day...... Cheesy
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