NASDAQ$PETS

PetMed Express · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a 10% increase in sales and an 11% increase in net income compared to the same quarter last year.

PetMed Express reported a solid third quarter with increased sales and net income. Reorder sales drove growth, while new order sales decreased. The company is focused on its loyalty program and exploring new services.

  • Sales increased by 10% to $65.9 million compared to $59.9 million in the same period last year.
  • Net income increased by 11% to $7.6 million, or $0.38 diluted per share, compared to $6.8 million, or $0.34 diluted per share, for the same period last year.
  • Reorder sales increased by 12% to $60.2 million, driven by the Loyalty and Easy Refill programs and the new website platform.
  • The company had $106.5 million in cash and cash equivalents and $28.2 million in inventory with no debt as of December 31, 2020.

Headline financials

Total Revenue

$65.9M

Previous: $59.9M+10.0%
EPS (adj)

$0.38

Previous: $0.34+11.8%
Avg. Order Value

$88.00

Previous: $85.00+3.5%
Capital Expenditures

-$1.85M

Previous: -$1.83M-1.1%
Free Cash Flow

$19.8M

Previous: $19.8M+0.1%
Net Income

$7.61M

Previous: $6.84M+11.3%
Operating Income

$9.29M

Previous: $7.93M+17.2%
Gross Profit

$19.6M

Previous: $17.7M+10.9%
Cash & Equivalents

$107M

Previous: $92.4M+15.3%
Total Assets

$167M

Previous: $150M+11.9%
Stock-Based Comp

$781K

Previous: $716K+9.1%

Revenue & EPS history

PetMed Express · Revenue · Quarterly

$65.9M

Q3 2021+10%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The company will explore alternative ways of acquiring customers and adding value-added services, and will continue investing in its e-commerce platform and mobile app.

Tailwinds

  • Exploring alternative ways of acquiring customers.
  • Adding value-added services.
  • Continue investing in our e-commerce platform
  • Continue investing in mobile app
  • Website enhancements will be completed by June

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-0.0%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-0.4%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+40.8%

Q2 2020

Best reaction

-26.4%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-16.4%-21.1%
Q3 2026-3.6%-8.7%-15.5%
Q4 2025+0.0%-4.9%-6.6%
Q2 2026-1.4%-2.7%-8.2%
Q1 2026-1.1%-1.4%-6.9%
Q3 2025-14.8%-20.1%-22.7%
Q2 2025+34.5%+27.2%+35.0%
Q1 2025-11.0%-13.0%-4.5%
Q4 2024-0.7%-1.7%-7.4%
Q3 2024+0.2%-1.2%+8.9%
Q2 2024-26.4%-23.0%-22.6%
Q1 2024-2.8%-6.4%-20.0%
Q4 2023+6.7%+1.0%-6.6%
Q3 2023-11.1%-13.3%-19.6%
Q2 2023-10.5%-4.7%-15.5%
Q1 2023+4.3%+4.2%+0.9%
Q4 2022+6.9%+2.0%+3.0%
Q3 2022+7.2%+7.7%+3.4%
Q2 2022+5.1%+5.1%+5.2%
Q1 2022+7.1%+13.0%+3.2%
Q4 2021+2.8%+0.5%+56.5%
Q3 2021-14.3%-11.1%+3.2%
Q2 2021-2.2%-3.5%-1.9%
Q1 2021-16.0%-23.8%-17.4%
Q4 2020+3.6%-4.0%-7.5%
Q3 2020-11.0%-11.2%+4.0%
Q2 2020+40.8%+32.8%+21.7%
Q1 2020+2.5%-1.5%+5.1%
Q4 2019-9.0%-9.7%-18.9%
Q3 2019-6.2%-3.4%-3.1%
Q2 2019+2.6%+1.1%-9.7%
Q1 2019-13.0%-11.8%-6.4%
Q4 2018-0.9%+1.4%+15.1%
Q3 2018-4.8%-10.2%-12.0%
Q2 2018+4.4%-5.0%+9.0%
Q1 2018+18.6%+19.3%-10.7%
Q4 2017+34.7%+41.2%+48.4%
Q3 2017-5.1%-5.4%-3.6%
Q2 2017-3.2%-4.0%+6.6%
Q1 2017+6.0%+5.8%+3.3%
Q4 2016+2.9%
Q3 2016-4.8%
Q2 2016+2.1%
Q1 2016+0.5%
Q4 2015+2.6%
Q3 2015+14.3%
Q2 2015-3.7%
Q1 2015+5.0%
Q4 2014+1.6%
Q3 2014-12.0%
Q2 2014-10.3%
Q1 2014+12.7%
Q4 2013-0.5%
Q3 2013+7.0%
Q2 2013+6.9%
Q1 2013-16.3%
Q4 2012-5.4%
Q4 2010-5.4%
Q3 2011-0.2%
Q3 2012-0.2%
Q2 2012-0.8%
Q2 2011-0.8%
Q1 2012-0.1%
Q1 2011-0.1%
Q4 2011-0.1%

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