PETCO Scheduled to Speak at the Lehman Brothers Retail Seminar
April 26 2004 - 6:21PM
PR Newswire (US)
PETCO Scheduled to Speak at the Lehman Brothers Retail Seminar SAN
DIEGO, April 26 /PRNewswire-FirstCall/ -- PETCO Animal Supplies,
Inc. announced that James M. Myers, Chief Executive Officer and
Rodney Carter, Senior Vice President and Chief Financial Officer,
are scheduled to present at the Lehman Brothers Retail Seminar
tomorrow, April 27, 2004, at approximately 11:00 a.m. Eastern
Daylight Savings Time. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030603/PETCOLOGO ) As part of
the presentation, Mr. Carter is expected to update the Company's
previous guidance for fiscal 2004. Mr. Carter plans to state, "We
currently expect to achieve gains in comparable store net sales of
6% for the first quarter, which would represent the high end of the
range of 5% -- 6% comparable store sales increases expected for the
full year of 2004." "Accordingly, for the first quarter ending May
1, 2004, we currently expect diluted earnings per share in the
range of $0.25 -- $0.26, up from previous guidance of $0.24 --
$0.25, compared to diluted earnings of $0.19 per diluted share in
the prior year quarter. For the full year 2004, we currently expect
diluted earnings in the range of $1.42-$1.43 per share, up from
prior guidance of $1.41 -- $1.42, reflecting the increased outlook
for the first quarter." A simulcast, or a replay, of the
presentation over the Internet will be available via the Company's
website at http://www.petco.com/. About PETCO Animal Supplies PETCO
is a leading specialty retailer of premium pet food, supplies and
services. PETCO's vision is to best promote, through its people,
the highest level of well-being for companion animals, and to
support the human-animal bond. PETCO generated net sales of $1.65
billion in fiscal 2003. It operates 654 stores in 43 states and the
District of Columbia, as well as a leading destination for on-line
pet food and supplies at http://www.petco.com/. Since its inception
in 1999, The PETCO Foundation, PETCO's non-profit organization, has
raised more than $15 million in support of more than 1,900
non-profit grassroots animal welfare organizations around the
nation. Certain statements in this news release that are not
historical fact constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Stockholders and other readers are cautioned not to place undue
reliance on these forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual results of PETCO to be
materially different from historical results or from any results
expressed or implied by such forward-looking statements. These
factors, such as performance of new stores, ability to execute
expansion strategy and sustain growth, debt levels, reliance on
vendors and exclusive distribution arrangements, competition,
integration of operations as a result of acquisitions, compliance
with various state and local regulations and dependence on senior
management, are discussed from time to time in the reports filed by
PETCO with the Securities and Exchange Commission, including the
Annual Report on Form 10-K for the fiscal year ended February 1,
2003. http://www.newscom.com/cgi-bin/prnh/20030603/PETCOLOGO
http://photoarchive.ap.org/ DATASOURCE: PETCO Animal Supplies, Inc.
CONTACT: Rodney Carter, Senior Vice President and Chief Financial
Officer of PETCO, +1-858-202-7848 Web site: http://www.petco.com/
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