Seeking Alpha

PetSmart smacked by soft guidance

  • PetSmart (PETM) falls in early trading after missing estimates with its FQ1 report and issuing guidance for "relatively flat" same-store sales for the fiscal year.
  • The company sees FY14 EPS of $4.29-$4.39 vs. $4.45 consensus.
  • PETM -6.6% premarket
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