Petsmart, Inc.
Stock symbol: PETM
Listed on the Nasdaq
Prepared for:
In partial fulfillment of the requirements of the course:
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1.0 Introduction
This report provides a financial quarterly trend analysis for Petsmart, Inc. The U.S.-based company, together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in North America. The company offers consumables, which include pet food, treats, and litter; and hardgoods, such as pet supplies and other goods comprising collars, leashes, health care supplies, grooming and beauty aids, toys, apparel, and pet beds and carriers, as well as aquariums and habitats, accessories, decors, and filters for fishes, birds, reptiles, and small pets. It also provides fresh-water tropical fish, birds, reptiles, and small pets; and pet services, such as grooming, including precision cuts, baths, toenail trimming and grinding, and toothbrushing; and training, boarding, and day camp services. Further, the company operates PetsHotels that offer boarding for dogs and cats, temperature controlled rooms and suites, daily specialty treats and play time, and day camp services for dogs; and hospitals, which provide veterinary services comprising routine examinations and vaccinations, dental care, a pharmacy, and surgical procedures. As of March 25, 2010, it operated 1,149 retail stores; and 162 PetsHotels. Additionally, the company operated 740 hospitals under the registered trade names of Banfield and The Pet Hospital; and had 12 hospitals, which are operated by other third parties in Canada. PetSmart, Inc. was founded in 1986 and is based in Phoenix, Arizona.
Our team chose to analyze PETM for the following reasons: • All of the team members are pet owners with an appreciation for this well run company. • We all found the business model and charitable integration intriguing. • A pet store that doesn’t sell