PetSmart generated $696.8 million in sales during first quarter 2003, compared with $645.8 million a year earlier. The Phoenix-based pet supply marketer’s net income rose from $22.1 million to $24.6 million during the same period. The quarter ended May 4. "We returned to our historic level of spending on advertising, after scaling back during the same period last year while we worked on the business,"
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PetSmart generated $696.8 million in sales during first quarter 2003, compared with $645.8 million a year earlier. The Phoenix-based pet supply marketer’s net income rose from $22.1 million to $24.6 million during the same period. The quarter ended May 4.
"We returned to our historic level of spending on advertising, after scaling back during the same period last year while we worked on the business," Phil Francis, the company’s chairman and CEO said in a statement.
PetSmart did not break out its advertising expenses from its operating expenses during the quarter. Operating expenses rose from $116.5 million to $131.8 million.
