PetSmart, Inc. announced its financial results for the third quarter of 2013 with earnings of $0.88 per share and net income of $92 million.
Total sales for the quarter increased 4.0% to $1.7 billion. Comparable store sales, or sales in stores open at least a year, grew 2.7%, including comparable transactions growth of 0.2%. Service sales, which are included in total sales, grew 5.2% to $184 billion.
The company generated $107 million in cash flows from operating activities, spent $51 million in capitals expenditures, distributed $17 million in dividends and repurchased $30 million of PetSmart stock. The company ended the quarter with $367 million in cash, cash equiviants and restricted cash and zero borrowings on its credit facility.
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