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.

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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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of PetSmart. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.