Total sales for the third quarter of 2011 increased 8% to $1.5 billion. The increase in sales was partially impacted by $3 million in favorable foreign currency fluctuations. Comparable store sales, or sales in stores open at least a year, grew 6.1%, benefiting from comparable transactions growth of 2.2%. Services sales, which are included in total sales, grew 9% to $161 million.
During the
third quarter, the company generated $124 million in operating
cash flow, spent $28 million in capital expenditures, distributed
$16 million in dividends, and repurchased $70 million of PetSmart
stock. The company ended the quarter with $333 million in cash, cash
equivalents and restricted cash and zero borrowings on its credit facility.
No comments:
Post a Comment