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August 20, 2014
10:28 EDTPETMPetSmart confident in delivering double-digit sales growth in next 3-5 years
In regards to its latest announcement to explore strategic alternatives including a potential sale, the company says that it won't be commenting, speculating on the potential outcome or time table. Says has increased promotional activity despite the challenging retail environment. Says aims to drive store growth and deliver value to shareholder via new initiatives. Expects to realize cost savings before the end of FY15. Says continuing to invest in new omni-channel capabilities. Aims to open 20 micro-stores to open in 2H14. Sees FY14 tax rate of 38%. Comments made during the company's Q2 earnings conference call.
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