Pet food and supplies departmental retailer
) announced that it has commenced selling two wholesome pet food
brands of Nature's Variety this week.
Nature's Variety is an independent company, which produces natural
pet food. The company makes pet food through two leading brands,
namely Instinct and Prairie. While Instinct is a premier raw pet
food, Prairie is a balanced holistic range of products. Instinct
animal food is grain and glutton-free, and is available in several
forms like kibbles, raw frozen, cans, treats and freeze dried raw.
Prairie, on the other hand, is only found in cans, kibbles and
Although PetSmart commenced the sale of these brands in the U.S. on
Jun 9, it had started selling these brands in Canada by the end of
The company decided to introduce these brands through its retail
outlets in order to focus on rising and evolving demands of pet
parents, who look to provide a wholesome diet with optimum
nutrients to their pets. The company believes that with the
addition of Nature's Variety to its product portfolio, it will be
able to better serve its customers with a wide assortment of
PetSmart currently carries a Zacks Rank #5 (Strong Sell). The
company recently posted its first-quarter fiscal 2014 earnings
where its quarterly sales of $1,729.1 million came below
management's expectations and also missed the Zacks Consensus
Estimate of $1,772.0 million. This lag in revenues was attributable
to a challenging consumer environment coupled with competitive
Moreover, comparable-store sales (comps) for the quarter dipped
0.6%, with a 2.2% slip in comparable transactions. Comps were
adversely affected by currency translations and inclement weather
However, the reported earnings of $1.04 per share reflected a
year-over-year improvement of 6.1% and also surpassed the Zacks
Consensus Estimate by a couple of cents.
Some better-ranked stocks in the same industry include
Build-A-Bear Workshop Inc.
), with a Zacks Rank #1 (Strong Buy), and
Office Depot, Inc.
), both carrying a Zacks Rank #2 (Buy).
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