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PetSmart Posts 12% Jump in Profit
Shoppers may be trading down or eliminating purchases for themselves -- but not, apparently, for their pets.
PetSmart(PETM Quote) posted a 12% jump in first-quarter earnings, beating Wall Street's expectations and raising its full-year forecast.
During the ,the company earned $46.3 million, or 37 cents a share, compared with $41.2 million, or 32 cents a share, in the year-ago period. Analysts expected earnings of 30 cents. ...
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