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Petmed Express (PETS)
:PETS
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: 21.09%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted improvements in gross margin, adjusted EBITDA, and customer experience, driven by effective cost reduction initiatives and technology upgrades. However, the company experienced a notable decline in sales and is facing pressure from a heavily promotional environment. The reduction in marketing spend has also impacted customer acquisition efforts.Company Guidance
During the PetMed Express Q2 2025 earnings call, CEO Sandra Campos highlighted several key financial metrics and strategic initiatives. The company reported a $3.6 million sequential increase in adjusted EBITDA and improved gross margin year-over-year, alongside a decrease in G&A operating expenses, contributing to increased net income and earnings per share. The company realized $5 million in annualized savings due to cost reduction initiatives. Approximately 77,000 new customers were welcomed this quarter, with sales totaling $60 million, although this represented a 16% decline from the previous year. Gross profit margin improved by 80 basis points year-over-year. The advertising expenses decreased by 20% to $4.6 million. Net income rose to $2.3 million, or $0.11 per diluted share, compared to $0.7 million, or $0.03 per diluted share, the previous year. PetMed Express ended the quarter with $52 million in cash and cash equivalents, maintaining a strong balance sheet with no debt.Improved Gross Margin and Adjusted EBITDA
Gross margin improved by 80 basis points year-over-year and 270 basis points sequentially. Adjusted EBITDA increased by $3.6 million sequentially.
Cost Reduction Initiatives
General and administrative expenses declined by 12.3%, contributing to $5 million in annualized savings as previously communicated.
Customer Experience Enhancements
Customer call center improvements led to a customer rating increase on Trustpilot from 1.5 stars to 4.5 stars.
Strengthened Technology and Rebranding
Tech stack improvements, website relaunch with modern UX/UI, and rebranding with a new tagline 'Care You Trust'.
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PETS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PETS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $4.22 | $5.73 | +35.78% |
| Aug 06, 2024 | $3.69 | $3.16 | -14.36% |
| Jun 11, 2024 | $4.71 | $4.17 | -11.46% |
| Feb 08, 2024 | $5.87 | $5.98 | +1.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Petmed Express (PETS) report earnings?
Petmed Express (PETS) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Petmed Express (PETS) earnings time?
Petmed Express (PETS) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PETS EPS forecast?
PETS EPS forecast for the fiscal quarter 2025 (Q3) is <0.01.
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