PetMed Express Reports 16% Increase In Revenue For Second Quarter

PetMed Express Inc. of Pompano Beach, Fla., recently reported net income of $5.82 million on revenue of $59.57 million for its second quarter ended Sept. 30, compared to net income of $4.53 million on revenue of $51.54 million in the year-ago period. This represents a net income increase of 33 percent and revenue increase of 16 percent.

Year to date, the company reported net income of $12.44 million on revenue of $127.94 million, compared to net income of $10.71 million on revenue of $110.56 million in the year-ago period.

The company’s reorder sales increased 18 percent to $41.4 million for the second quarter, compared to $35 million in the year-ago period. Year to date, reorder sales increased 17 percent to $87.6 million, compared to $75 million in the year-ago period.
 
New order sales increased 11 percent to $18.2 million for the quarter, compared to $16.5 million in the year-ago period.

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