PetMed Express (PETS) Declares $ Quarterly Dividend; 0% Yield

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

July 22, 2019 8:00 AM EDT

DELRAY BEACH, Fla., July 22, 2019 (GLOBE NEWSWIRE) -- PetMed Express, Inc. (NASDAQ: PETS) today announced its financial results for the quarter ended June 30, 2019.  Net sales for the quarter ended June 30, 2019 were $80.0 million, compared to $87.4 million for the quarter ended June 30, 2018, a decrease of 8.5%.  Net income was $5.3 million, or $0.26 diluted earnings per share, for the quarter ended June 30, 2019, compared to net income of $12.6 million, or $0.62 diluted earnings per share, for the quarter ended June 30, 2018, a 57% decrease in diluted earnings per share.    

Menderes Akdag, President and CEO, commented: Our sales and gross margins were... More