Petsmart 2005 Annual Report Download - page 2

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2005 2004 2003
(in thousands, except margins and per-share amounts)
Total Results
Net Sales $3,760,499 $3,363,452 $2,993,115
Gross Margin 31.3% 30.9% 30.1%
Net Income $ 182,490 $ 157,453 $ 124,951
Diluted Earnings Per Share $ 1.25 $ 1.05 $ 0.85
Operating Cash Flow $ 342,342 $ 256,134 $ 219,443
Services Sales $ 298,862 $ 240,684 $ 193,511
Other Highlights
Total Stores 826
Total Employees 34,600
Total 2005 In-store Pet Adoptions 365,842
*Financial highlights have been adjusted for the company’s adoption of SFAS No. 123(R). See Note 2 to the Notes to the Consolidated Financial Statements.
PetSmart, Inc. (NASDAQ: PETM) is the largest specialty retailer of services and solutions for the lifetime needs of pets. The company operates
more than 825 pet stores in the United States and Canada, a growing number of in-store PetsHotels, and is a leading online provider of pet
products and information (www.PetSmart.com). PetSmart provides a broad range of competitively priced pet food and supplies; offers complete
pet training, grooming, boarding, day camp and adoption services; and provides a full line of equine products through State Line Tack.
®
Financial Highlights*