Petsmart 2014 Annual Report Download - page 109

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Table of Contents
PetSmart, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements — (Continued)
Note 13 — Selected Quarterly Financial Data (Unaudited)
Summarized quarterly financial information for 2013 and 2012 is as follows:
Year Ended February 2, 2014
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(13 weeks) (13 weeks) (13 weeks) (13 weeks)
(In thousands, except per share data)
Merchandise sales $ 1,509,372 $ 1,492,457 $ 1,500,443 $ 1,609,430
Services sales 191,577 204,707 184,190 185,532
Other revenue 9,647 8,833 10,535 9,904
Net sales 1,710,596 1,705,997 1,695,168 1,804,866
Gross profit 529,746 515,220 504,973 565,998
Operating income 167,518 156,550 152,669 216,581
Income before income tax expense and equity income
from Banfield 154,350 143,722 139,739 203,728
Net income 102,415 93,368 92,221 131,516
Earnings per common share:
Basic $ 0.99 $ 0.90 $ 0.89 $ 1.29
Diluted $ 0.98 $ 0.89 $ 0.88 $ 1.28
Weighted average shares outstanding:
Basic 103,305 103,474 103,957 102,076
Diluted 104,583 104,512 104,753 102,992
Year Ended February 3, 2013
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter (1)
(13 weeks) (13 weeks) (13 weeks) (14 weeks)
(In thousands, except per share data)
Merchandise sales $ 1,439,559 $ 1,419,383 $ 1,444,683 $ 1,675,979
Services sales 181,014 190,867 175,018 193,572
Other revenue 9,320 9,417 9,810 9,615
Net sales 1,629,893 1,619,667 1,629,511 1,879,166
Gross profit 497,374 488,815 482,512 593,438
Operating income 154,351 136,060 139,554 221,252
Income before income tax expense and equity income
from Banfield 140,222 122,510 126,179 207,977
Net income 94,683 78,520 82,316 134,010
Earnings per common share:
Basic $ 0.87 $ 0.73 $ 0.76 $ 1.26
Diluted $ 0.85 $ 0.71 $ 0.75 $ 1.24
Weighted average shares outstanding:
Basic 108,930 108,260 107,719 106,470
Diluted 111,030 109,934 109,333 108,071
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