Petsmart 2014 Annual Report Download - page 5

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Table of Contents
PART I
This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements made in this Annual Report
that are not statements of historical fact, including statements concerning our expectations for future events, future financial
performance, or events or developments that management expects or anticipates will or may occur in the future, are forward-
looking statements.
Readers should not place undue reliance on these forward-looking statements, which are based on currently available
information and management's current expectations and beliefs about future events or future financial performance. We have
attempted to identify forward-looking statements by words such as “anticipate,” “believe,” “can,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” or other comparable terminology.
However, such terminology is not the exclusive means of identifying forward-looking statements and its absence does not
mean that the statement is not forward-looking.
Forward-looking statements are not guarantees of future performance or results, and involve inherent risks and
uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements.
For information on our risk factors that could cause our actual results to differ from the results predicted in these
forward-looking statements, please see “Item 1A. Risk Factors” contained in Part I of this Annual Report. Readers are also
urged to carefully review and consider the various other disclosures made by us in this Annual Report and in our other
reports we file with the Securities and Exchange Commission, including our period reports on Form 10-Q and current reports
on Form 8-K, and those described from time to time in our press releases and other communications, which attempt to advise
interested parties of the risks that may affect our business, prospects, and results of operations.
Although we believe the expectations and beliefs reflected in the forward-looking statements are reasonable, such
statements speak only as of the date this Annual Report on Form 10-K is filed, and we disclaim any intent or obligation to
update any of the forward-looking statements after such date, whether as a result of new information, actual results, future
events or otherwise, unless required by law.
Our fiscal year consists of the 52 or 53 weeks ending on the Sunday nearest January 31 of the following year. The 2013
fiscal year ended on February 2, 2014, and was a 52-week year. Fiscal years 2012 and 2011 consisted of 53 weeks and 52
weeks, respectively. Unless otherwise specified, all references in this Annual Report on Form 10-K to years are to fiscal years.
Item 1. Business
General
We were incorporated in Delaware in 1986, opened our first stores in 1987, and have become the leading specialty
provider of pet products and services in North America. We have identified a large group of pet owners we call “pet parents,”
who are passionately committed to their pets and consider their pets to be members of the family. We believe that the strategic
initiatives discussed in "Our Strategy" will develop moment-making products, services, and experiences that will attract and
retain these pet parents as PetSmart customers.
We opened 55 net new stores in 2013, which includes twelve microstores, and at the end of the year operated 1,333 stores
in the United States, Puerto Rico, and Canada. Square footage increased by 0.7 million to 28.5 million at February 2, 2014,
compared to 27.8 million at February 3, 2013. Our stores typically range in size from 12,000 to 27,500 square feet, while our
microstores range in size from 6,000 to 8,000 square feet. All stores carry a broad selection of high-quality pet products. We
offer approximately 11,000 distinct items in our stores and 9,000 additional items on PetSmart.com, including nationally
recognized brand names, as well as an extensive selection of proprietary and exclusive brands across a range of product
categories.
We complement our strong product assortment with a wide selection of services, including professional grooming and
boarding, as well as training and day camp for dogs. As of February 2, 2014, we offered boarding at 199 of our stores through
our PetSmart PetsHotels, or “PetsHotels.”
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