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Next LBO Victim—PetSmart Heading Toward Meltdown

Summary:
PetSmart, the largest brick-and-mortar pet supply and services retailer in the US and Canada, with 55,000 employees, 1,600 big-box stores, 200 pet boarding facilities, and .7 billion in revenues in fiscal 2017, has a little problem: .1 billion in debt. https://wolfstreet.com/2018/05/25/is-petsmart-next/

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PetSmart, the largest brick-and-mortar pet supply and services retailer in the US and Canada, with 55,000 employees, 1,600 big-box stores, 200 pet boarding facilities, and $8.7 billion in revenues in fiscal 2017, has a little problem: $8.1 billion in debt.

https://wolfstreet.com/2018/05/25/is-petsmart-next/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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