PetSmart Inc. reported net income of $21.5 million for its second quarter, a big gain over net income of $2.8 million for the same period last year.
The direct marketer and retailer attributed this performance to reworking and closing stores, reducing inventories and controlling costs.
The firm also reported $651.5 million in net sales for the period ended Aug, 4, up from $582.4 million last year.
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