Good sales figures for PetSmart

In the second quarter of the current fiscal year, PetSmart saw its total sales rise by 6.2 per cent to $ 1.4 bn compared with the previous year. Net income totalled $ 48.4 mio in the second quarter of 2010, compared with $ 39.0 mio in the second quarter of 2009. The company emphasises that the increase in net sales was partially impacted by $ 5.8 mio in favourable foreign currency fluctuations. Comparable store sales, or sales in stores open at least a year, grew 4.6% in the second quarter. Services sales, which are included in total sales, grew 7.2% to $ 165 mio.