Petco Animal Supplies (NASDAQ:PETC)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Petco Animal Supplies Charts. Click Here for more Petco Animal Supplies Charts.](/p.php?pid=staticchart&s=N%5EPETC&p=8&t=15)
PETCO Scheduled to Speak at the Lehman Brothers Retail Seminar
SAN DIEGO, April 26 /PRNewswire-FirstCall/ -- PETCO Animal Supplies, Inc.
announced that James M. Myers, Chief Executive Officer and Rodney Carter,
Senior Vice President and Chief Financial Officer, are scheduled to present at
the Lehman Brothers Retail Seminar tomorrow, April 27, 2004, at approximately
11:00 a.m. Eastern Daylight Savings Time.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030603/PETCOLOGO )
As part of the presentation, Mr. Carter is expected to update the Company's
previous guidance for fiscal 2004. Mr. Carter plans to state, "We currently
expect to achieve gains in comparable store net sales of 6% for the first
quarter, which would represent the high end of the range of 5% -- 6% comparable
store sales increases expected for the full year of 2004."
"Accordingly, for the first quarter ending May 1, 2004, we currently expect
diluted earnings per share in the range of $0.25 -- $0.26, up from previous
guidance of $0.24 -- $0.25, compared to diluted earnings of $0.19 per diluted
share in the prior year quarter. For the full year 2004, we currently expect
diluted earnings in the range of $1.42-$1.43 per share, up from prior guidance
of $1.41 -- $1.42, reflecting the increased outlook for the first quarter."
A simulcast, or a replay, of the presentation over the Internet will be
available via the Company's website at http://www.petco.com/.
About PETCO Animal Supplies
PETCO is a leading specialty retailer of premium pet food, supplies and
services. PETCO's vision is to best promote, through its people, the highest
level of well-being for companion animals, and to support the human-animal
bond. PETCO generated net sales of $1.65 billion in fiscal 2003. It operates
654 stores in 43 states and the District of Columbia, as well as a leading
destination for on-line pet food and supplies at http://www.petco.com/. Since
its inception in 1999, The PETCO Foundation, PETCO's non-profit organization,
has raised more than $15 million in support of more than 1,900 non-profit
grassroots animal welfare organizations around the nation.
Certain statements in this news release that are not historical fact constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Stockholders and other readers are cautioned
not to place undue reliance on these forward-looking statements. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors, which may cause the actual results of PETCO to be materially
different from historical results or from any results expressed or implied by
such forward-looking statements. These factors, such as performance of new
stores, ability to execute expansion strategy and sustain growth, debt levels,
reliance on vendors and exclusive distribution arrangements, competition,
integration of operations as a result of acquisitions, compliance with various
state and local regulations and dependence on senior management, are discussed
from time to time in the reports filed by PETCO with the Securities and
Exchange Commission, including the Annual Report on Form 10-K for the fiscal
year ended February 1, 2003.
http://www.newscom.com/cgi-bin/prnh/20030603/PETCOLOGO
http://photoarchive.ap.org/
DATASOURCE: PETCO Animal Supplies, Inc.
CONTACT: Rodney Carter, Senior Vice President and Chief Financial
Officer of PETCO, +1-858-202-7848
Web site: http://www.petco.com/