PetSmart reports 2005 results

PetSmart generated $ 3.76 bn in net sales in 2005, up from $ 3.36 bn in net sales a year ago. Comparable store sales grew 4.2 per cent in 2005, on top of 6.3 per cent growth in 2004. For fiscal 2005 as a whole, the company reported net income of $ 182.5 mio, or $ 1.25 per diluted share. That compares with fiscal 2004 net income of $ 157.5 mio, or $ 1.05 per diluted share. “In 2005, PetSmart once again delivered solid results and generated meaningful returns for our shareholders," said Phil Francis, chairman and CEO.