secwatch.observer — SEC 8-K summary
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Issuer:     PETMED EXPRESS INC (PETS)
CIK:        0001040130
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001040130-23-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetMed Express Q4 net loss $5.1M, revenue down 5.4%; declares $0.30 dividend
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- Q4 net loss $(5.1)M ($0.25 diluted EPS) vs net income $6.1M ($0.30) prior year.
- Q4 net sales $62.4M, down 5.4% YoY; full-year sales $256.9M, down 6.1%.
- Q4 Adjusted EBITDA $3.6M, down 61.8% from $9.5M; FY adj EBITDA $19.8M down 41.9%.
- New customers increased 12% YoY for Q4; AutoShip & Save recurring revenue 44% of total.
- Board declared $0.30/share quarterly dividend, payable June 12, record June 6, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040130/000104013023000027/0001040130-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040130/000104013023000027/pets-20230522.htm
  HTML page:      https://secwatch.observer/filing/0001040130-23-000027

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