PetMed Express Quarterly Sales Increase 15 Percent

PetMed Express has announced a a $1.8 million net income for its fiscal year.

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PetMed Express Inc. of Pompano Beach, Fla., reported a net income of $1.8 million on sales of $28.8 million for its second quarter, which ended Sept. 30, compared to income of $1.8 million on sales of $25 million for the year-ago period.

Year-to-date, the company reported a net income of $3.6 million on sales of $64 million, compared to an income of $3.3 million on sales of $55.4 million in the year-ago period.

Year-over-year reorder sales growth outpaced overall sales growth by 34 percent for the quarter (from $12.9 million to $17.2 million) and 46 percent for the six months (from $25.4 million to $37.2 million).

"We also acquired approximately 154,000 new customers in the quarter and appoximately 345,000 new customers for the six month period," said Mendo Akdag, chief executive officer. "Approximately 52 percent of all orders were placed on our Web site for the quarter."

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