earnings
confidence high
sentiment negative
materiality 0.70
PetMed Q2 net sales $65.4M (-3% YoY), EPS $0.13 vs $0.31; dividend $0.30/share
PETMED EXPRESS INC
2023-Q2 EPS reported
$0.26
revenue$130,544,000
- Net income fell to $2.6M ($0.13 diluted) from $6.3M ($0.31) a year ago; included $1.3M in non-recurring items.
- Adjusted EBITDA was $7.1M, down 28% from $9.8M in Q2 FY2022.
- AutoShip & Save sales grew to 39% of total sales from 34% in the prior quarter.
- Board declared quarterly dividend of $0.30/share, payable Nov 30, 2022 to holders of record Nov 18.
- CEO cited revenue stabilization driven by subscription growth.