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Monday, July 20, 2020

-=PetMed Express (PETS) reported earnings on Mon 20 July 20 (b/o)

PetMed Express (PETS)'s reported first-quarter earnings missed expectations.
Net income totaled $7.8 million, or 39 cents per share, up from $5.3 million, or 26 cents per share, last year. Sales totaled $96.2 million, up from $80.0 million year-over-year. The FactSet consensus was for EPS of 40 cents and sales of $87.9 million. Reorder sales rose 19% to $80.4 million, and new orders were up 29% to $15.8 million. PetMed acquired 186,000 new customers for the quarter, up from 140,000 last year. The company is considered an essential business and was open during coronavirus lockdown periods. PetMed declared a quarterly dividend of 28 cents per share, payable on August 7 to shareholders of record as of the close of business on July 31. PetMed stock has soared 72.3% for the year to date.

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