Despite Revenue Growth, Petmed Express Inc Faces Growing Deficit Concerns

PETS delivered fourth quarter of 2024 operating deficit of $-3.835 million

Published / Modified Jun 15 2024
Goran Soko / CSIMarket.com

Petmed Express Inc, a well-known nationwide pet pharmacy, has recently seen a decrease in its share price over the course of June.
This decline has resulted in the share price dropping by -1.64% in just one month, bringing the overall decrease to -16.53% in the past 90 days.
Additionally, the company's shares are currently only trading 6.9% above its 52-week low.

Despite these negative trends in the stock price, Petmed Express Inc has actually seen an increase in revenue of 11.248% compared to the same financial reporting period a year ago, with revenue reaching $68.18 million for the financial time-frame ending March 31, 2024.
However, despite this increase in revenue, the company has also reported an increase in its deficit per share, with a deficit of $-0.12 per share in the most recent financial period.
This is an increase from a deficit of $-0.10 per share in the prior reporting period.

The company's net deficit for the financial time-frame ending March 31, 2024 was $-5.016 million, a significant increase from the $-0.195 million deficit from the previous year.
Petmed Express Inc also reported a shortfall of $-7.46 million and revenue of $280.65 million for the fiscal period of 2024.
Additionally, the company saw a decrease in its earnings per share (EPS) from $0.25 in the prior fiscal year to $-0.37 in the most recent period, despite a revenue increase of 9.74% from the previous year.

In light of these financial results, Petmed Express Inc has recently come under investigation by the law firm Pomerantz LLP on behalf of investors, concerning potential claims against the company.
Shareholders are encouraged to reach out to Danielle Peyton, the representative from Pomerantz, to discuss their rights and potential legal actions.

Despite these challenges, Petmed Express Inc remains a popular choice among pet owners for its convenience, competitive pricing, and home delivery options.
Investors should closely monitor the developments surrounding the company and stay informed about the latest news and financial updates to make informed decisions about their investments.

Petmed Express Inc's Price to Cash Flow ratio

Petmed Express Inc's Capital Expenditures Growth


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