Petsmart 2004 Annual Report Download - page 2

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FINANCIAL HIGHLIGHTS*2004 2003 2002
(In thousands, except gross margin and per-share amounts)
TOTAL RESULTS
NET SALES $3,363,452 $ 2,993,115 $ 2,695,184
GROSS MARGIN 30.8% 30.0% 29.1%
NET INCOME $ 171,228 $ 135,402 $ 85,619
EARNINGS PER SHARE $ 1.14 $ 0.92 $ 0.61
OPERATING CASH FLOW $ 282,569 $ 245,761 $ 223,738
TOTAL DEBT $250,735 $ 170,395 $167,167
PETsMART, Inc., (NASDAQ: PETM) is the largest specialty retailer of services and solutions for the lifetime needs
of pets. The company operates more than 725 pet stores in the United States and Canada, a growing number of
in-store PETsHOTELs, as well as a large pet supply catalog business and a leading online provider of pet products
and information (www.petsmart.com). PETsMART provides a broad range of competitively priced pet food and
supplies, and offers complete pet training, grooming and adoption services.
*Financial Highlights have been restated for the company’s corrections related to lease accounting. See Note 2 to the Notes to the Consolidated
Financial Statements.
OTHER HIGHLIGHTS
TOTAL STORES 726
TOTAL EMPLOYEES 30,300
TOTAL 2004 IN-STORE PET ADOPTIONS 373,287