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PetSmart’s Q4 earnings up 20%

Phoenix -- PetSmart's fourth-quarter net income rose 20%, helped by more customer transactions and a strong holiday season.

The chain's net income rose to $90.3 million from $75 million in the same period last year. Revenue rose 8% to $1.52 billion. Same-store sales were up 6.3 %.

For the year, net income increased 21% to $239.9 million. Revenue rose 6% to $5.04 billion.

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