The company reported third-quarter earnings of $32 million, or 43 cents a share, compared with earnings of $22 million, or 30 cents a share, in the same period last year. Net sales rose 11 percent to $829.1 million from $747.7 million.
Analysts polled by Thomson Reuters expec ted earnings of 37 cents a share on revenue of $824.3 million.
Sales at stores open at least a year rose 5 percent. The increase was driven by sales of animal- and pet-related products, as well as warm-weather items and apparel.
Sales at stores open at least a year are considered important because they aren't skewed by results from stores that open or close during the year.
The company expects annual net income between $2.09 and $2.13 a share, up from a prior range of $2 to $2.05 a share. It also raised revenue guidance to between $3.53 billion and $3.55 billion from a prior range of $3.49 billion to $3.53 billion.
Analysts expect full-year net income of $2.08 a share on $3.54 billion in revenue.
Shares fell 20 cents and closed at $37.99.
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