Petmed Express Inc Stock Price, News & Analysis

PetMed Express has appointed Carolyn Carden as the new VP of Product Management, effective May 9, 2022. Carden, a former Petco executive with over 20 years of experience in eCommerce and product management, will focus on expanding the company’s product portfolio, particularly in the growing telemedicine sector. CEO Matt Hulett emphasized Carden's strategic leadership capabilities as an asset to PetMeds' growth-oriented vision, especially in enhancing its service to over 2 million pet parents and collaborating with tens of thousands of veterinarians.

PetMed Express, Inc. (NASDAQ: PETS) will report its financial results for the fiscal year and fourth quarter ending March 31, 2022, on May 9, 2022, at 4:00 P.M. Eastern Time. A conference call will follow at 4:30 P.M. to discuss the results. Interested parties can access the call by dialing (800) 891-8256 or through a webcast link provided in the release. The replay will be available after the event until May 23, 2022. PetMed Express specializes in delivering pet medications and health products to consumers across the USA.

Vetster, a prominent pet care marketplace, has successfully raised $30M USD in an oversubscribed Series B round, totaling $40M USD since its launch in November 2020. The investment, led by Kensington Capital Partners, includes PetMed Express, Inc. (PETS) as a strategic partner to enhance telehealth services for pet owners in the U.S. The partnership aims to streamline pet care experiences, enabling pet parents to quickly access veterinary services and prescriptions.

PetMed Express announces a new partnership with Vetster Inc., enhancing pet healthcare through 24/7 telehealth access for over 2 million pet parents. This groundbreaking alliance positions PetMeds as the exclusive e-commerce provider for Vetster, which will offer virtual veterinary services. As part of the agreement, PetMeds also invests in Vetster, allowing for potential future equity growth based on performance milestones. This collaboration aims to improve accessibility for pet healthcare while maintaining fast medication delivery for customers.

PetMed Express, Inc. (NASDAQ: PETS) announces the appointment of Diana Garvis Purcel as an independent director on its Board, effective April 4, 2022. Purcel will also lead the Audit Committee following the retirement of Ronald Korn in July 2022. Board Chairman, Dr. Gian Fulgoni, highlighted Purcel's expertise as beneficial for the company's growth strategies. With over 20 years of CFO experience, including leadership roles in publicly traded companies, Purcel aims to contribute significantly to PetMed's transformation and future success.

PetMed Express announced its Q3 2021 financial results, reporting net sales of $60.7 million, a 7.9% decrease from the previous year. For the nine months, net sales were $207.4 million, down 12.7%. The net income for the quarter declined 44% to $4.3 million, equating to $0.21 diluted per share. Adjusted EBITDA also fell 31% to $7.6 million. Despite these declines, the average order size increased slightly from $88 to $89. The Board declared a quarterly dividend of $0.30 per share, payable on February 18, 2022.

PetMed Express, Inc. (NASDAQ: PETS) will announce its financial results for Q3 2021 on January 24, 2022, at 4:00 PM ET, followed by a conference call at 4:30 PM ET. The call is accessible to the public through a toll-free number and will also be available via webcast. For those who cannot attend live, a replay will be available from 7:30 PM ET on January 24 until February 7, 2022. Founded in 1996, PetMed Express provides prescription and non-prescription pet medications and health products directly to consumers.

PetMed Express, Inc. announced the hiring of three executives to drive its digital transformation and growth. Mark Moseley joins as Chief Technology and Information Officer, bringing 17 years of experience from Rosetta Stone. Dan Pingree is the new Chief Marketing Officer, known for his role in selling Moosejaw to Walmart, along with experience at Drugstore.com. Jacqueline Smith takes the role of Vice President of People, previously leading HR at Anju Software. CEO Matt Hulett emphasizes these hires are crucial for enhancing the company's e-commerce capabilities.

PetMed Express (NASDAQ: PETS) reported a 10.7% decrease in net sales for Q2 2021, totaling $67.4 million compared to $75.4 million in Q2 2020. For the first half, sales dropped 14.5% to $146.7 million. Net income fell 24.5% to $6.3 million or $0.31 per share, down from $8.4 million or $0.42 per share year-over-year. The company launched the “AutoShip and Save” program to enhance customer retention. A quarterly dividend of $0.30 per share has been declared, payable on November 19, 2021.