Petsmart 1Q13 Earnings Call Notes

This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. The quotes are generally pieces of information that I find interesting or helpful to understanding the company, industry or economy and are not meant to provide summaries of the full content of the call. Other posts in this series can be found by clicking here. Full transcripts can be found at Seeking Alpha.

[analyst comment] ” I’m surprised you guys are even on this call because the clients are calling me, telling me you’re about to go bankrupt because of the Internet.”

“In terms of the industry, we think it’s about a 2% to 3% online penetration of the pet industry”

“One is we’re going to with exclusivity and really leveraging this humanization of pets trend to bring human brands into the pet space. So you’re going to see Burt’s Bees in health and beauty. You’re going to see Off in flea and tick. You’re going to Shout in stain and odor.”

“as we looked at the online pet space and as we look at our own business, the categories that do better are the categories that are higher ticket, higher margin and lower weight”

“we’re not seeing that consumer in any very big way move online, and I think we’re going to let that consumer lead us to where we need to be”

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