---
schema_version: "secwatch.filing_event.v1"
accession: "0001040130-23-000078"
form_type: "8-K"
ticker: "PETS"
cik: "0001040130"
company_name: "PETMED EXPRESS INC"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T05:31:00.343227+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PetMed Express Q2 net loss of $70k; suspends quarterly dividend to invest in growth

## Summary
- Net sales $71.0M (+9% YoY); net loss $70k vs $2.6M income; diluted EPS ($0.00) vs $0.13.
- Adjusted EBITDA $3.2M, down 55% from $7.1M, citing acquisition costs and strategic investments.
- Board suspends quarterly dividend, shifting capital allocation to organic and inorganic growth initiatives.
- New customers up 25% YoY; AutoShip & Save and PetPlus programs account for 51% of revenue, up from 39%.

## SEC filing metadata
- accession: 0001040130-23-000078
- form_type: 8-K
- ticker: PETS
- cik: 0001040130
- company_name: PETMED EXPRESS INC
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040130/000104013023000078/0001040130-23-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040130/000104013023000078/pets-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001040130-23-000078
- JSON: https://secwatch.observer/filing/0001040130-23-000078.json
- Plain text: https://secwatch.observer/filing/0001040130-23-000078.txt

## Key facts
- Earnings Releases
  PETMED EXPRESS INC reported its second quarter ended September 30, 2023 results: revenue $71.0 million, net income Net loss for the quarter ended September 30, 2023 was $70 thousand, or $(0.00) per diluted share, EPS $(0.00) per diluted share.
  - Period: its second quarter ended September 30, 2023
  - Revenue: $71.0 million
  - Net income: Net loss for the quarter ended September 30, 2023 was $70 thousand, or $(0.00) per diluted share
  - EPS: $(0.00) per diluted share
  - Result: reported results
  source text: TM , today announced its financial results for its second quarter ended September 30, 2023. Quarterly Highlights • Net sales for the quarter ended September 30, 2023, were $71.0 million, compared to $65.4 million for the second quarter in the prior year, an increase of 9% year over year. The current quarter includes the results from the recent acquisition of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040130/000104013023000078/0001040130-23-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.