logo
Share SHARE
FONT-SIZE Plus   Neg

PetMed Express Q4 Profit Slips

PetMed Express Inc. (PETS) Monday reported a decline in profit for the fourth quarter, as higher operating expenses offset a double-digit revenue growth.

The Pompano Beach, Florida-based company's fourth-quarter net profit was $3.99 million, compared to $4.15 million last year. On a per-share basis, earnings rose to $0.20 from $0.19, due mainly lower shares count. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 10 percent to $55.92 million from $50.91 million in the prior-year quarter. Five analysts had a consensus revenue estimate of $52.05 million for the quarter.

For the quarter, total operating expenses increased to $12.69 million from $11.03 million in the similar quarter last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Shares of Deutsche Bank AG are gaining more than 9 percent in pre-market activity on Wednesday following media reports that the German lender is considering buying back several billion euros of its senior bonds. The recovery in the bank's share price comes after two days of falls amid a broader rout of bank stocks due to concerns over their profitability and troubled loans. Time Warner Inc. (TWX) reported a profit for the fourth-quarter of 2015 that increased 19.4% from last year. But, quarterly revenues decreased about 6% from the prior year, due to a decline at Warner Bros., partially offset by increases at Home Box Office and Turner. The company increased its regular quarterly dividend by 15% to $0.4025 per share. Breakfast and snack food giant Kellogg Co. (K) continues to make great progress with its productivity initiatives. Hence, it remains confident in meeting its long-term targets for currency-neutral comparable net sales and operating profit growth in 2016 and beyond. However, negative currency translation impact that prevailed in the last few quarters is expected to continue in the fourth quarter.
comments powered by Disqus
RELATED NEWS
Trade PETS now with 
Follow RTT