PetMed Express D/B/A 1-800-PetMeds Announces Its First Fiscal Quarter Financial Results and Its Quarterly Dividend of $0.27 Per Share

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Go back to PetMed Express D/B/A 1-800-PetMeds Announces Its First Fiscal Quarter Financial Results and Its Quarterly Dividend of $0.27 Per Share

PetMed Express (PETS) Misses Q1 EPS by 20c, Revenues Miss

July 22, 2019 8:01 AM EDT

PetMed Express (NASDAQ: PETS) reported Q1 EPS of $0.26, $0.20 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $79.99 million versus the consensus estimate of $85.92 million.

Menderes Akdag, President and CEO, commented: Our sales and gross margins were negatively impacted by increased online competition and aggressive pricing in the market that forced us to reduce our prices. Our average... More