secwatch / observer
8-K filed February 8, 2024, 6:59 PM ET ticker PETS CIK 0001040130
other material confidence high sentiment negative materiality 0.85

PETMED EXPRESS INC (PETS): auditor change — PetMeds restates FY2021-2023 financials, preliminary Q3 sales up 11% YoY to $65.3M

PETMED EXPRESS INC

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

PETMED EXPRESS INC reported that prior financial statements should not be relied upon.

Action
non reliance
Auditor
RSM US LLP
Exact text from the filing
” and together with the Q1 2024 Quarterly Report, the 2023 Annual Report and the Historical Quarterly Reports, the “Reports” and all financial statements included in the Reports, collectively the “Affected Financials”), should no longer be relied upon. As a result of the foregoing determined, related press releases, shareholder communications, investor presentations or other communications describing relevant portions of the Affected Financials should no longer be relied upon. The Audit Committee’s conclusion was based on management’s determination that the Company (1) misapplied generally accepted accounting principles relating to certain accruals for sales tax liabilities resulting from sales of the Company’s products and services to its customers and (2) incorrectly valued the deferred tax asset acquired in connection with the Company’s acquisition of PetCareRx in April 2023, in each
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PETMED EXPRESS INC reported fiscal quarter ended December 31, 2023 results: revenue $65.3 million.

Period
fiscal quarter ended December 31, 2023
Revenue
$65.3 million
Result
preliminary results
Exact text from the filing
Net sales for the quarter ended December 31, 2023, are expected to be $65.3 million
View on SEC.gov

15 auditor changes filed in the last 30 days. Browse all auditor changes →

PETMED EXPRESS INC filing history →

Source: SEC EDGAR
accession 0001040130-24-000004
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.