PetMed Express, Inc. (NASDAQ:PETS) announced its first quarter earnings results on Monday 20th July 2020 before market open.
The pet pharmacy operator, reported $ 0.39 income per share for the quarter, The quarterly earnings hiked 50.00 percent compared with the same quarter last year.
The firm had revenue of $ 96.20 million for the quarter, compared to the consensus estimate of $ 87.93 million. The revenues outshined analysts estimates by $ 8.27 million or 9.41 percent.
The financial report showed revenues surged 20.27 percent versus first quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Menderes Akdag, President and CEO, commented: During the June quarter demand in the ecommerce channel continued to be strong, with consumers shifting their purchases to online, which positively impacted both our top and bottom line. In addition to sales growth, our operating income margins improved by 210 basis points, which positively impacted our earnings in the quarter.
PetMed Express, Inc. board declares Quarterly dividend of $ 0.28 per share, to stock holders of record as on July 31, 2020, payable on August 7, 2020.
