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Stock impact report

PetMeds® Announces Fiscal 2025 First Quarter Financial Results

PetMed Express, Inc. (PETS) 
Last petmed express, inc. earnings: 7/23 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: 1800petmeds.com/annualreports.jsp
Company Research Source: GlobeNewswire
DELRAY BEACH, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- PetMed Express, Inc. dba PetMeds and parent company of PetCareRx (NASDAQ: PETS) today announced its financial results for its first quarter ended June 30, 2024. Quarterly Highlights for Q1, Fiscal 2025 Net sales were $68 million, (13)% lower than the prior year comparable quarter.Net income was $3.8 million, or $0.18 diluted earnings per share. This compares to net loss of $(1.1) million, or $(0.06) diluted earnings per share, for the prior year comparable quarter.Increase in net income is primarily attributed to a $8.7 million reversal of accumulated stock compensation expense associated with departure of the former CEO, partially offset by lower gross profit of $4.6 million.Adj. EBITDA of $(1.5) million was $4.9 million lower than prior year comparable quarter driven by lower sales and associated gross profit. “Q1 FY‘25 results reflect a transition quarter as we position the Company for future profitable growth by optimizing Show less Read more
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