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PetSmart, Inc. (petm) is a leading retailer of services and solutions for the lifetime needs of pets. The company provides a broad range of pet food and pet-related services as well as merchandise such as dog and cat food, small animal food, bird food, reptile food, and fish food. PetSmart also offers grooming, training, and pet hotel services.
As of its latest earnings report in Q3 2021, PetSmart reported net sales of $3.8 billion, representing an increase of 16% year-over-year. The company's comparable sales increased by 13.5% compared to the same period last year. PetSmart's net income for Q3 2021 was $130.7 million, up from $81.4 million in the same period last year.
For the full year 2021, PetSmart expects to report net sales growth in the range of 12% to 14% and adjusted EBITDA in the range of $1.65 billion to $1.69 billion.
PetSmart has a strong track record of growth and financial performance. In the past five years, the company has grown its revenue from $6.8 billion in 2016 to $8.7 billion in 2020, representing a CAGR of 4.7%. Over the same period, PetSmart's net income has grown from $381.3 million in 2016 to $543.4 million in 2020, representing a CAGR of 10.6%.
PetSmart's strong financial performance can be attributed to its focus on providing high-quality products and services, investing in its e-commerce capabilities, and expanding its footprint through new store openings and acquisitions.
In summary, PetSmart is a well-established and growing public company with a focus on meeting the needs of pet owners. With a strong track record of revenue and net income growth, PetSmart is well-positioned to continue its success in the pet retail industry.