PetSmart Q4 profit up

Phoenix PetSmart reported net income of $78.4 million for the fourth quarter of 2008, compared with $75.4 million for same period from the year before, which included a fourteenth week, as fiscal 2007 was a 53-week year.

Net sales for the 13-week fourth quarter of 2008 increased 2.3% to $1.36 billion, compared with the 14-week fourth quarter of 2007. The impact of the fourteenth week on net sales was approximately $90 million, including $8 million in pet services sales.