PetSmart (Nasdaq: PETM) reported earnings on Feb. 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 29 (Q4), PetSmart met expectations on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew significantly.

Gross margins dropped, operating margins grew, and net margins grew.

Revenue details
PetSmart logged revenue of $1.64 billion. The 23 analysts polled by S&P Capital IQ hoped for sales of $1.62 billion on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $1.52 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.91. The 22 earnings estimates compiled by S&P Capital IQ predicted $0.90 per share. GAAP EPS of $0.91 for Q4 were 18% higher than the prior-year quarter's $0.77 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 30.4%, 2,010 basis points worse than the prior-year quarter. Operating margin was 10.4%, 50 basis points better than the prior-year quarter. Net margin was 6.2%, 30 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.60 billion. On the bottom line, the average EPS estimate is $0.72.

Next year's average estimate for revenue is $6.66 billion. The average EPS estimate is $3.15.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 662 members out of 708 rating the stock outperform, and 46 members rating it underperform. Among 267 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 259 give PetSmart a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PetSmart is outperform, with an average price target of $53.25.

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