PetSmart, Inc. released its second quarter 2013 results last week, reporting earnings of $0.89 per share, up 25% compared to $0.71 per share in the second quarter of 2012. Net income totalled $93 million in the second quarter of 2013, compared to $79 million in the same quarter of 2012.
Total sales for the second quarter of 2013 increased 5.3% to $1.7 billion. Comparable store sales, or sales in stores open at least a year, grew 3.4%, benefitting from comparable transactions growth of 1.0%. Services sales, which are included in total sales, grew 7.3% to $205 million.
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