8-K
filed June 2, 2026, 4:15 PM ET
ticker PETS
CIK 0001040130
earnings
confidence high
sentiment negative
materiality 0.80
PetMed Q4 sales fall 15.6% to $42.8M; FY net loss widens to $57.3M on goodwill impairment
PETMED EXPRESS INC
- Q4 net sales $42.8M (down 15.6% YoY); FY net sales $179M (down 21.1%) on lower prescription sales.
- Q4 net loss narrowed to $4.1M ($0.19/sh) from $11.6M; FY net loss widened to $57.3M ($2.74/sh) from $6.3M.
- FY adjusted EBITDA -$15.4M (vs +$0.7M) due to $26.7M goodwill impairment and $4.5M severance/investigation.
- Board evaluated unsolicited buyout proposals at $4.00-$4.25/sh but opted not to pursue; open to future offers.
- Management cites sequential QoQ sales uptick, cost reductions, and B2B expansion (Rural King fulfillment deal).
Machine-readable event card
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- PETMED EXPRESS INC
- filed_at
- 2026-06-02T20:15:54+00:00
- discovered_at
- 2026-06-02T20:17:06.756147+00:00
- generated_at
- 2026-06-02T20:17:43.525036+00:00
- sec_items
- ["2.02", "9.01"]
- event_type
- earnings
- sentiment
- negative
- materiality_score
- 0.8
- calibrated_materiality_score
- 0.8
- confidence
- high
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- https://secwatch.observer/filing/0001040130-26-000016
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- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1040130/000104013026000016/0001040130-26-000016-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1040130/000104013026000016/pets-20260602.htm
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--- EX-99.1 (EX-99.1) ---
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