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<div style="font-family: 'Times New Roman',Times,serif">
<div align="center" style="font-size: 10pt; margin-top: 0pt"><b></b>
</div>
<div align="left">
</div>
<div align="center" style="font-size: 10pt; margin-top: 0pt"><b>
</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 1 — GENERAL</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     PetSmart, Inc., including its wholly owned subsidiaries (the “Company,” “PetSmart” or “we”),
is the leading specialty provider of products, services and solutions for the lifetime needs of
pets in North America. We offer a broad selection of products for all the life stages of pets, as
well as various pet services including professional grooming, training, boarding and day camp. We
also offer pet products through an e-commerce site. As of July 31, 2011, we operated 1,197 retail
stores and had full-service veterinary hospitals in 778 of our stores. MMI Holdings, Inc., through
a wholly owned subsidiary, Medical Management International, Inc., collectively referred to as
“Banfield,” operated 769 of the veterinary hospitals under the registered trade name of “Banfield,
The Pet Hospital.” The remaining 9 hospitals are operated by other third parties in Canada.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The accompanying condensed consolidated financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America, or “GAAP,” for
interim reporting. Accordingly, they do not include all the information and footnotes required by
GAAP for annual financial statements. In the opinion of management, the accompanying condensed
consolidated financial statements reflect all adjustments, which are of a normal, recurring nature,
necessary for a fair presentation of the interim periods presented. These condensed consolidated
financial statements, which are unaudited, should be read in conjunction with the audited
consolidated financial statements and footnotes included in our Annual Report on Form 10-K for the
year ended January 30, 2011.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Due to the seasonal nature of our business, the results of operations for the thirteen and
twenty-six weeks ended July 31, 2011, are not necessarily indicative of the results expected for
the full year. Our fiscal year consists of 52 or 53 weeks and ends on the Sunday nearest January
31. Fiscal 2011 ends on January 29, 2012, while fiscal 2010 ended on January 30, 2011, both 52 week
years. Unless otherwise specified, all references to years in these condensed consolidated
financial statements are to fiscal years.
</div>
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 2 — DERIVATIVE FINANCIAL INSTRUMENTS</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We use foreign currency exchange forward contracts, or “Foreign Exchange Contracts,” to manage
the impact of foreign currency exchange rate fluctuations related to certain balance sheet
accounts. We enter into the Foreign Exchange Contracts in Canada primarily to mitigate risk related
to non-functional currency exposures. These Foreign Exchange Contracts are not designated as hedges
and are recorded at fair value using quoted prices for similar assets or liabilities in active
markets. The changes in the fair value are recognized in operating, general and administrative
expenses in the Condensed Consolidated Statements of Income and Comprehensive Income.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     At July 31, 2011, we had Foreign Exchange Contracts outstanding with a notional amount of
$10.0 million, which represents the amount of foreign currencies to be purchased or sold at
maturity and does not represent our exposure on these contracts. The fair value of the liability
related to these Foreign Exchange Contracts, included in other current liabilities, was immaterial
at July 31, 2011, and August 1, 2010. The fair value of the receivable related to these Foreign
Exchange Contracts, included in prepaid expenses and other current assets, was also immaterial at
January 30, 2011. We recorded immaterial losses on Foreign Exchange Contracts during the thirteen
and twenty-six weeks ended July 31, 2011, and August 1, 2010.
</div>
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 3 — INCOME TAXES</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We generally do not materially adjust deferred income taxes as part of our interim income tax
provision. During the thirteen weeks ended July 31, 2011, changes in deferred income taxes were
primarily due to tax benefits related to stock-based compensation, and changes in accumulated other
comprehensive income. During the interim periods, we recognize the provision for income taxes in
other current liabilities in the Condensed Consolidated Balance Sheets. The provision is calculated
based on our estimated annual effective income tax rate applied to pretax income. A
reclassification between other current liabilities and deferred income tax assets and liabilities
is likely to occur during the fourth quarter of 2011. During the twenty-six weeks ended July 31,
2011, we recognized a tax benefit of $3.9 million from dividends received from Banfield.
</div>
</div>
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<!-- Begin Block Tagged Note 4 - us-gaap:EquityMethodInvestmentsDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 4 — INVESTMENTS</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We have an investment in Banfield which is accounted for using the equity method of
accounting. Our ownership interest in the stock of Banfield was as follows (in thousands):
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>January 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Shares</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Shares</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Shares</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Voting common stock and preferred stock
</div></td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">21,675</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">21,675</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">21,675</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Equity in income from Banfield
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26,541</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,183</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,368</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividend received from Banfield
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(15,960</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total equity investment in Banfield
</div></td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">32,256</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">42,858</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">36,043</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Our investment consisted of voting common stock, comprising 21.4% of all voting stock as of
July 31, 2011, January 30, 2011, and August 1, 2010. Our ownership percentage as of July 31, 2011,
January 30, 2011, and August 1, 2010, considering all classes of stock (voting and non-voting) was
21.0%.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Banfield’s financial data is summarized as follows (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>January 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Current assets
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">340,116</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">351,379</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">314,625</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncurrent assets
</div></td>
<td> </td>
<td> </td>
<td align="right">128,942</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">119,175</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">122,987</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Current liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">332,841</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">279,836</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">278,683</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncurrent liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">11,257</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,367</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,932</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Thirteen Weeks Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Twenty-Six Weeks Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net sales
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">176,428</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">161,346</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">341,286</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">310,654</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income from operations
</div></td>
<td> </td>
<td> </td>
<td align="right">23,532</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,929</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">44,919</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28,646</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income
</div></td>
<td> </td>
<td> </td>
<td align="right">13,250</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,096</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">25,512</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,940</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We recognized license fees and reimbursements for specific operating expenses from Banfield of
$9.1 million and $8.6 million during the thirteen weeks ended July 31, 2011, and August 1, 2010,
respectively, and $18.1 million and $16.8 million during the twenty-six weeks ended July 31, 2011,
and August 1, 2010, respectively, in other revenue on the Condensed Consolidated Statements of
Income and Comprehensive Income. The related costs are included in cost of other revenue in the
Condensed Consolidated Statements of Income and Comprehensive Income. Receivables from Banfield
totaled $3.1 million, $2.7 million and $3.0 million at July 31, 2011, January 30, 2011, and August
1, 2010, respectively, and were included in receivables, net in the Condensed Consolidated Balance
Sheets.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The master operating agreement also includes a provision for the sharing of profits on the
sale of therapeutic pet foods sold in all stores with an operating Banfield hospital. The net sales
and gross profit on the sale of therapeutic pet food are not material to our condensed consolidated
financial statements.
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 5 - petm:ReserveForClosedStoresTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 5 — RESERVE FOR CLOSED STORES</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The components of the reserve for closed stores were as follows (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>January 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total remaining gross occupancy costs
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">30,297</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">34,313</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">38,059</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Expected sublease income
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(18,574</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(22,964</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(25,198</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Interest costs
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,549</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,585</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,892</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Reserve for closed stores
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,174</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">9,764</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,969</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Current portion, included in other current liabilities
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,972</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3,056</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3,153</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncurrent portion, included in other noncurrent liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">7,202</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,708</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,816</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Reserve for closed stores
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,174</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">9,764</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,969</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The activity related to the reserve for closed stores was as follows (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Thirteen Weeks Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Twenty-Six Weeks Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Opening balance
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">11,315</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,190</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">9,764</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">8,216</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Provision for new store closures
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">749</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,551</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Changes in sublease assumptions
</div></td>
<td> </td>
<td> </td>
<td align="right">106</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">992</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,636</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">992</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(29</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">211</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">169</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">331</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Charges, net
</div></td>
<td> </td>
<td> </td>
<td align="right">77</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,952</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,805</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,874</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Payments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,218</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,173</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,395</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,121</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Ending balance
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,174</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,969</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,174</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,969</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 6 - us-gaap:EarningsPerShareTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 6 — EARNINGS PER COMMON SHARE</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The following table presents a reconciliation of the weighted average shares outstanding used
in the earnings per common share calculations (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Thirteen Weeks Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Twenty-Six Weeks Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Basic
</div></td>
<td> </td>
<td> </td>
<td align="right">112,396</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">117,079</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">112,972</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">117,528</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Effect of dilutive securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Stock options, restricted
stock and performance
share units
</div></td>
<td> </td>
<td> </td>
<td align="right">1,945</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,344</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,067</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,389</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Diluted
</div></td>
<td> </td>
<td> </td>
<td align="right">114,341</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">119,423</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">115,039</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">119,917</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Certain stock-based compensation awards representing 2.7 million and 2.6 million shares of
common stock in the thirteen weeks ended July 31, 2011, and August 1, 2010, respectively, and 2.3
million and 2.8 million shares of common stock in the twenty-six weeks ended July 31, 2011, and
August 1, 2010, respectively, were not included in the calculation of diluted earnings per common
share because the inclusion of such awards would have been antidilutive for the periods presented.
</div>
</div>
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<!-- Begin Block Tagged Note 7 - us-gaap:StockholdersEquityNoteDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 7 — STOCKHOLDERS’ EQUITY</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     <i>Share Purchase Program</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In June 2009, the Board of Directors approved a share purchase program authorizing the
purchase of up to $350.0 million of our common stock through January 29, 2012. During the thirteen
weeks ended May 2, 2010, we purchased 3.4 million shares of common stock for $107.1 million under
this $350.0 million program.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In June 2010, the Board of Directors approved a share purchase program authorizing the
purchase of up to $400.0 million of our common stock through January 29, 2012, replacing the $350.0
million program. During the thirteen weeks ended July 31, 2011, we purchased 1.4 million shares of
common stock for $63.0 million under the $400.0 million
program. During the twenty-six weeks ended July 31, 2011, we
purchased 3.9 million shares of common stock for $165.4 million under
the $400.0 million program. Since the inception of the share
purchase authorization in June 2010, we purchased 8.1 million shares of common stock for
$321.6 million.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In June 2011, the Board of Directors approved a share purchase program authorizing the
purchase of up to $450.0 million of our common stock through January 31, 2013, replacing the $400.0
million program, effective August 1, 2011.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     <i>Dividends</i>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     During the twenty-six weeks ended July 31, 2011, the Board of Directors declared the following
dividends:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="26%"> </td>
<td width="2%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="2%"> </td>
<td width="26%"> </td>
<td width="2%"> </td>
<td width="27%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left"><b>Date</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Dividend Amount</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Stockholders of</b></td>
<td> </td>
<td nowrap="nowrap" align="center"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Declared</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>per Share</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Record Date</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Payment Date</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">March 23, 2011
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom">0.125</td>
<td nowrap="nowrap" valign="bottom"> </td>
<td> </td>
<td align="center" valign="top">April 29, 2011
</td>
<td> </td>
<td align="center" valign="top">May 13, 2011</td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">June 15, 2011
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom">0.14</td>
<td nowrap="nowrap" valign="bottom"> </td>
<td> </td>
<td align="center" valign="top">July 29, 2011
</td>
<td> </td>
<td align="center" valign="top">August 12, 2011</td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
</div>
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<!-- Begin Block Tagged Note 8 - us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 8 — STOCK-BASED COMPENSATION</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The stock-based compensation expense, net of forfeitures, and the total income tax benefit
recognized in the Condensed Consolidated Statements of Income and Comprehensive Income were as
follows (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Thirteen Weeks Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Twenty-Six Weeks Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Stock options expense
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,788</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,135</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">5,717</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4,432</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Restricted stock expense
</div></td>
<td> </td>
<td> </td>
<td align="right">1,477</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,529</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,594</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,054</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Performance share unit expense
</div></td>
<td> </td>
<td> </td>
<td align="right">3,176</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,947</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,316</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,515</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Stock-based compensation cost — equity awards
</div></td>
<td> </td>
<td> </td>
<td align="right">7,441</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,611</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,627</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,001</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Management equity unit expense
</div></td>
<td> </td>
<td> </td>
<td align="right">2,113</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">790</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,025</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,972</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total stock-based compensation expense
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">9,554</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">6,401</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">17,652</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">12,973</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Tax benefit
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,436</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,169</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">6,109</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4,476</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     At July 31, 2011, the total unrecognized stock-based compensation expense, net of estimated
forfeitures, was $54.4 million and is expected to be recognized over a weighted average period of
1.5 years.
</div>
</div>
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<!-- Begin Block Tagged Note 9 - us-gaap:ComprehensiveIncomeNoteTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 9 — FOREIGN CURRENCY</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Foreign currency translation adjustments are included in other comprehensive income and are
reported separately in stockholders’ equity in the Condensed Consolidated Balance Sheets. The
income tax benefit related to the foreign currency translation adjustments was $0.1 million and
$0.4 million for the thirteen weeks ended July 31, 2011, and August 1, 2010, respectively. The
income tax expense related to foreign currency translation adjustments was $1.7 million and $1.0
million for the twenty-six weeks ended July 31, 2011, and August 1, 2010, respectively. The
transaction loss included in net income was $0.4 million and $0.1 million for the thirteen weeks
ended July 31, 2011, and August 1, 2010, respectively. The transaction gain included in net income
was $0.3 million and $0.6 million for the twenty-six weeks ended July 31, 2011, and August 1, 2010,
respectively.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The impact of foreign currency translation adjustments to the carrying value of goodwill was
$(0.2) million and $(0.3) million for the thirteen weeks ended July 31, 2011, and August 1, 2010,
respectively, and $1.3 million and $1.1 million for the twenty-six weeks ended July 31, 2011, and
August 1, 2010, respectively.
</div>
</div>
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<!-- Begin Block Tagged Note 10 - us-gaap:CashFlowSupplementalDisclosuresTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 10 — SUPPLEMENTAL SCHEDULE OF CASH FLOWS</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Supplemental cash flow information was as follows (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Twenty-Six Weeks Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest paid
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">29,103</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">29,655</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income taxes paid, net of refunds
</div></td>
<td> </td>
<td> </td>
<td align="right">100,201</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">109,696</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Assets acquired using capital lease obligations
</div></td>
<td> </td>
<td> </td>
<td align="right">21,028</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30,691</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accruals and accounts payable for capital expenditures
</div></td>
<td> </td>
<td> </td>
<td align="right">18,368</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,805</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividends declared but unpaid
</div></td>
<td> </td>
<td> </td>
<td align="right">15,777</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,812</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 11 — CREDIT FACILITIES</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Effective April 22, 2011, we elected to reduce the aggregate commitment amount under our
$350.0 million revolving credit facility, or “Revolving Credit Facility,” to $100.0 million, which
allows us to avoid stand-by costs related to the excess commitment amount. This Revolving Credit
Facility expires on August 15, 2012. The Revolving Credit Facility also gives us the ability to
issue letters of credit, which reduce the amount available under the Revolving Credit Facility.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We had no borrowings and $31.6 million in stand-by letter of credit issuances outstanding
under our Revolving Credit Facility as of July 31, 2011, and January 30, 2011, and as of August 1,
2010, we had no borrowings and $37.2 million in stand-by letter of credit issuances outstanding.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We also have a $100.0 million stand-alone letter of credit facility, or “Stand-alone Letter of
Credit Facility,” that expires on August 15, 2012. As of July 31, 2011, and January 30, 2011, we
had $61.4 million in outstanding letters of credit under the Stand-alone Letter
of Credit Facility and $61.4 million in restricted cash on deposit with the lender. As of
August 1, 2010, we had $46.5 million in outstanding letters of credit under the Stand-alone Letter
of Credit Facility and $46.5 million in restricted cash on deposit with the lender.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Our Revolving Credit Facility and Stand-alone Letter of Credit Facility permit the payment of
dividends if we are not in default and the payment of dividends would not result in default of the
Revolving Credit Facility and Stand-alone Letter of Credit Facility. As of July 31, 2011, we were
in compliance with the terms and covenants of our Revolving Credit Facility and Stand-alone Letter
of Credit Facility.
</div>
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 12 — COMMITMENTS AND CONTINGENCIES</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     <b><i>Advertising Purchase Commitments</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     As of July 31, 2011, we had obligations to purchase $27.1 million of advertising through the
remainder of 2011 and $21.0 million in 2012.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     <b><i>Product Purchase Commitments</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     As of July 31, 2011, we had various commitments to purchase product from certain vendors that
are not material to our total inventory purchases.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     <b><i>Litigation and Settlements</i></b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In January 2011, we were named as a defendant in <i>Pedroza v. PetSmart, Inc., et al</i>., a lawsuit
originally filed in California Superior Court for the County of San Bernardino. The case has been
removed to the U.S. District Court for the Central District of California. The complaint alleges,
purportedly on behalf of current and former exempt store management in California, that we
improperly classified our store management as exempt pursuant to the California Labor Code, and as
a result failed to: (i) pay or provide to such managers proper wages, overtime compensation, or
rest or meal periods, (ii) maintain and provide accurate wage-related statements and records, and
(iii) reimburse certain business expenses, in each case as is required by the California Labor
Code.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The lawsuit seeks compensatory damages, statutory penalties and other relief, including
liquidated damages, attorneys’ fees, costs and injunctive relief. At this time, we are not able to
predict the outcome of this lawsuit, or any possible monetary
exposure associated with the lawsuit.
Therefore, we have not accrued any liability. We believe, however, that the lawsuit is without
merit and that the case should not be certified as a class or collective action, and we are
vigorously defending these claims.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We are involved in the defense of various other legal proceedings that we do not believe are
material to our condensed consolidated financial statements.
</div>
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 13 — RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In June 2011, the Financial Accounting Standards Board, or “FASB,” issued new guidance on the
presentation of comprehensive income. The guidance requires that all non-owner changes in
stockholders’ equity be presented either in a single continuous statement of comprehensive income
or in two separate but consecutive statements. It eliminates the option to present components of
other comprehensive income as part of the statement of changes in stockholders’ equity.
Additionally, the guidance requires that reclassification adjustments between other comprehensive
income and net income be presented on the face of the financial statements, except in the case of
foreign currency translation adjustments that are not the result of complete or substantially
complete liquidation of an investment in a foreign entity. The amendments in this update are to be
applied retrospectively and are effective for fiscal years, and interim periods within those years,
beginning after December 15, 2011. We do not expect our adoption of the new guidance to have a
material impact on our consolidated financial statements.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In May 2011, the FASB issued new guidance to achieve common fair value measurement and
disclosure requirements between GAAP and International Financial Reporting Standards. This new
guidance amends current fair value measurement and disclosure guidance to include increased
transparency around valuation inputs and investment categorization. This new guidance is to be
applied prospectively and is effective during interim and annual periods beginning after December
15, 2011. We do not expect our adoption of the new guidance to impact our consolidated financial
statements.
</div>
</div>
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<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>January 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Shares</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Shares</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Shares</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Amount</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Voting common stock and preferred stock
</div></td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">21,675</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">21,675</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">21,675</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Equity in income from Banfield
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26,541</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,183</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,368</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividend received from Banfield
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(15,960</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total equity investment in Banfield
</div></td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">32,256</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">42,858</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,693</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">36,043</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
</div>
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<!-- Begin Block Tagged Note Table: PETM-20110731_note4_table2 - petm:EquityMethodInvestmentSummarizedFinancialPositionTableTextBlock-->
<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>January 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Current assets
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">340,116</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">351,379</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">314,625</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncurrent assets
</div></td>
<td> </td>
<td> </td>
<td align="right">128,942</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">119,175</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">122,987</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Current liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">332,841</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">279,836</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">278,683</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncurrent liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">11,257</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,367</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,932</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
</div>
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<div align="right" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Thirteen Weeks Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Twenty-Six Weeks Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net sales
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">176,428</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">161,346</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">341,286</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">310,654</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income from operations
</div></td>
<td> </td>
<td> </td>
<td align="right">23,532</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,929</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">44,919</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28,646</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income
</div></td>
<td> </td>
<td> </td>
<td align="right">13,250</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,096</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">25,512</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,940</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note Table: PETM-20110731_note5_table1 - petm:ComponentsOfReserveForClosedStoresTableTextBlock-->
<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>January 30, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total remaining gross occupancy costs
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">30,297</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">34,313</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">38,059</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Expected sublease income
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(18,574</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(22,964</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(25,198</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Interest costs
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,549</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,585</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,892</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Reserve for closed stores
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,174</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">9,764</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,969</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Current portion, included in other current liabilities
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,972</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3,056</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3,153</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncurrent portion, included in other noncurrent liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">7,202</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,708</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,816</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Reserve for closed stores
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,174</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">9,764</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,969</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note Table: PETM-20110731_note5_table2 - petm:ActivityRelatedToReserveForClosedStoresTableTextBlock-->
<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Thirteen Weeks Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Twenty-Six Weeks Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Opening balance
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">11,315</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,190</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">9,764</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">8,216</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Provision for new store closures
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">749</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,551</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Changes in sublease assumptions
</div></td>
<td> </td>
<td> </td>
<td align="right">106</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">992</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,636</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">992</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(29</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">211</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">169</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">331</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Charges, net
</div></td>
<td> </td>
<td> </td>
<td align="right">77</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,952</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,805</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,874</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Payments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,218</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,173</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,395</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,121</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Ending balance
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,174</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,969</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,174</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,969</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note Table: PETM-20110731_note6_table1 - us-gaap:ScheduleOfWeightedAverageNumberOfSharesTableTextBlock-->
<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Thirteen Weeks Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Twenty-Six Weeks Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Basic
</div></td>
<td> </td>
<td> </td>
<td align="right">112,396</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">117,079</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">112,972</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">117,528</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Effect of dilutive securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Stock options, restricted
stock and performance
share units
</div></td>
<td> </td>
<td> </td>
<td align="right">1,945</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,344</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,067</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,389</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Diluted
</div></td>
<td> </td>
<td> </td>
<td align="right">114,341</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">119,423</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">115,039</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">119,917</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note Table: PETM-20110731_note7_table1 - us-gaap:ScheduleOfDividendsPayableTextBlock-->
<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="26%"> </td>
<td width="2%"> </td>
<td width="7%"> </td>
<td width="1%"> </td>
<td width="7%"> </td>
<td width="2%"> </td>
<td width="26%"> </td>
<td width="2%"> </td>
<td width="27%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left"><b>Date</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3"><b>Dividend Amount</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Stockholders of</b></td>
<td> </td>
<td nowrap="nowrap" align="center"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Declared</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>per Share</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Record Date</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>Payment Date</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">March 23, 2011
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom">0.125</td>
<td nowrap="nowrap" valign="bottom"> </td>
<td> </td>
<td align="center" valign="top">April 29, 2011
</td>
<td> </td>
<td align="center" valign="top">May 13, 2011</td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">June 15, 2011
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="bottom">$</td>
<td align="right" valign="bottom">0.14</td>
<td nowrap="nowrap" valign="bottom"> </td>
<td> </td>
<td align="center" valign="top">July 29, 2011
</td>
<td> </td>
<td align="center" valign="top">August 12, 2011</td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note Table: PETM-20110731_note8_table1 - us-gaap:DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock-->
<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Thirteen Weeks Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Twenty-Six Weeks Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Stock options expense
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">2,788</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,135</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">5,717</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4,432</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Restricted stock expense
</div></td>
<td> </td>
<td> </td>
<td align="right">1,477</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,529</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,594</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,054</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Performance share unit expense
</div></td>
<td> </td>
<td> </td>
<td align="right">3,176</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,947</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,316</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,515</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Stock-based compensation cost — equity awards
</div></td>
<td> </td>
<td> </td>
<td align="right">7,441</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,611</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,627</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,001</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Management equity unit expense
</div></td>
<td> </td>
<td> </td>
<td align="right">2,113</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">790</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,025</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,972</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total stock-based compensation expense
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">9,554</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">6,401</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">17,652</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">12,973</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Tax benefit
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,436</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,169</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">6,109</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4,476</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note Table: PETM-20110731_note10_table1 - us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock-->
<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif">
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Twenty-Six Weeks Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>July 31, 2011</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>August 1, 2010</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest paid
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">29,103</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">29,655</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income taxes paid, net of refunds
</div></td>
<td> </td>
<td> </td>
<td align="right">100,201</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">109,696</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Assets acquired using capital lease obligations
</div></td>
<td> </td>
<td> </td>
<td align="right">21,028</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30,691</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accruals and accounts payable for capital expenditures
</div></td>
<td> </td>
<td> </td>
<td align="right">18,368</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,805</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividends declared but unpaid
</div></td>
<td> </td>
<td> </td>
<td align="right">15,777</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,812</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
</div>
false
--01-29
Q2
2012
2011-07-31
10-Q
0000863157
112742383
Yes
Large Accelerated Filer
3644575000
PETSMART INC
No
Yes
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