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Doug Gerlach
Cambridge, MA
http://www.iclub.com/
President, ICLUBcentral
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| 05/25/2007 11:35 AM |
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On May 14, 2007, PetMed Express, Inc.announced its financial results for the fiscal year ended March 31, 2007. Net sales for the year ended March 31, 2007 were $162.2 million, compared to $137.6 million for the year ended March 31, 2006, an increase of 18%. Net income was $14.4 million, or $0.60 diluted per share, for the year ended March 31, 2007, compared to net income of $12.1 million, or $0.50 diluted per share, for the year ended March 31, 2006, an increase to net income of 20%. For the year ended March 31, 2007 the Company incurred $893,000 of stock option compensation expense due to the adoption of “Financial Accounting Standard 123R” on April 1, 2006. The Company acquired approximately 681,000 new customers during the fiscal year compared to 624,000 during the prior year. Approximately 62% of all orders were placed on their website during the fiscal year.
For the quarter ended March 31, 2007, net sales were $36.4 million, compared to $29.4 million for the quarter ended March 31, 2006, an increase of 24%. Net income for the quarter ended March 31, 2007 was $3.6 million, or $0.15 diluted per share, compared to net income of $3.1 million, or $0.13 diluted per share, for the same quarter the prior year, an increase to net income of 15%. The Company acquired approximately 132,000 new customers during the fourth fiscal quarter compared to 94,000 new customers for the same quarter in the prior year
Here is the full report:
PETMED EXPRESS ANNOUNCES FINANCIAL RESULTS FOR FISCAL 2007 – FOURTH QUARTER SALES INCREASE 24%
Doug |
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Posting from ICLUBcentral world headquarters in the Harvard Square's historic College House, Cambridge, MA
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