Topic: How To Invest

Q: Hello, Pat. Do you have any information about a drug company called PetMed Express (PETS on Nasdaq)? Best wishes and thanks.

Article Excerpt

A: PetMed Express, $36.29, symbol PETS on Nasdaq (Shares outstanding: 20.2 million; Market cap: $747.0 million, www.1800petmeds.com), is a leading online U.S.-wide pet pharmacy. The company does business as 1-800-PetMeds. It sells prescription and non-prescription medications, and other health-related products, through three main channels: the Internet, telephone contact centres, and direct mail. Over the last five years, PetMed’s revenue increased 21.0%, from $234.7 million in fiscal 2016 to $284.1 million in fiscal 2020 (fiscal years end March 31). Earnings improved 25.7%, from $20.6 million ($1.02 a share) in 2016 to $25.9 million ($1.29 a share) in 2020. However, results from the latest fiscal year were trending down—although there was a big improvement in the latest quarter due to COVID-19. In the fiscal year ended March 31, 2020, PetMed’s revenue edged up only 0.2%, to $284.1 million from $283.4 million in fiscal 2019. At the same time, earnings fell 31.3%, to $25.9 million, or $1.29 a share, from $37.7 million, or $1.84. This drop in…

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