PetMeds® Third Quarter Fiscal 2025 Earnings Exceeded Expectations

PetMed Express, Inc. Reports Impressive Financial Gains

PetMed Express, Inc. dba PetMeds, a prominent player in pet healthcare solutions, has recently shared its financial performance for the third quarter of fiscal 2025, which ended on December 31, 2024. The company, renowned for delivering pet medications and healthcare products, is navigating its transformation with notable success.

Financial Highlights for the Third Quarter

During this quarter, PetMeds recorded net sales reaching an impressive $53.0 million. This marks a robust growth amid a challenging consumer market and reflects the company's focus on operational excellence.

Key financial metrics from the third quarter include:

• Gross margin rate of 28.1%, showing an increase of 80 basis points from the prior year.
• Adjusted EBITDA surged to $2.0 million, significantly higher than the $0.9 million achieved in the same quarter last year.
• Overall improvement in operational costs, with G&A expenses reduced by $2.6 million compared to the previous year.

Strategic Transformations Yield Positive Results

Sandra Campos, CEO & President of PetMeds, expressed her satisfaction with the company’s operational strategies, emphasizing that within only nine months, the organization has made substantial advancements in its transformation journey. Staff commitment and focused execution are crucial to this uptick, setting a solid foundation for future growth.

Margins have improved thanks to effective cost management and the shaving of unnecessary expenses, demonstrating PetMeds' dedication to enhancing shareholder value and sustainable growth.

Conference Call and Future Outlook

In light of these encouraging results, PetMeds will be holding a conference call to discuss the quarter’s outcomes in detail. The call will take place at 4:30 P.M. Eastern Time, offering stakeholders insight into the financial performance and strategic direction of the company.

Call Details:

• Dial-in: (877) 407-0789 (toll-free)
• Investor Relations: ICR, LLC - John Mills at (646) 277-1254, Reed Anderson at (646) 277-1260
• Webcast stream: Available on the PetMeds investor relations page.

The Core Services of PetMeds

Founded in 1996, PetMeds has established itself as a leader in the consumer pet healthcare market. Operating as a national online retailer, PetMeds provides a comprehensive range of products, including top-branded medications, generics, compounded prescriptions, alongside OTC supplements and vitamins for pets. As part of its service enhancements, PetMeds leverages telehealth and strategic insurance partnerships, thereby offering unparalleled value and convenience to pet owners keen on improving overall pet wellness.

Looking Ahead

PetMeds continues to pursue strategic initiatives aimed at solidifying its market position. The company’s leadership is optimistic about sustaining momentum in its operations and believes that ongoing investments in technology, process improvement, and market responsiveness will drive long-term profitability and success.

Frequently Asked Questions

What is PetMeds® known for?

PetMeds is recognized for being a leading online retailer of pet medications and healthcare products, delivering both prescription and OTC medications.

What were the net sales reported for Q3 FY2025?

PetMeds reported net sales of $53.0 million for the third quarter of fiscal 2025.

How did the adjusted EBITDA perform?

The company's adjusted EBITDA rose to $2.0 million, a significant increase compared to the previous fiscal year.

What strategic changes has PetMeds implemented?

PetMeds has focused on reducing G&A expenses and improving operational efficiency, which have contributed positively to its financial results.

How can investors learn more about the company’s performance?

Investors can participate in the upcoming conference call and view detailed financial reports on the PetMeds website.

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