secwatch.observer — SEC 8-K summary
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Issuer:     PETMED EXPRESS INC (PETS)
CIK:        0001040130
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001040130-22-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetMed Q2 net sales $65.4M (-3% YoY), EPS $0.13 vs $0.31; dividend $0.30/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040130/000104013022000006/0001040130-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040130/000104013022000006/pets-20221107.htm
  HTML page:      https://secwatch.observer/filing/0001040130-22-000006

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