PetMed Express Reports Sales Increase In Q4

PetMed Express Inc. reported a fourth quarter income of $5.6 million.

PetMed Express Inc. of Pompano Beach, Fla., recently reported net income of $5.6 million on revenue of $48.1 million for its fourth quarter ended March 31, compared to net income of $4.9 million on revenue of $40.4 million in the year-ago period.

The company acquired about 142,000 new customers during the quarter, compared to 126,000 for the same quarter the prior year.

Reorder sales increased 20 percent for the quarter to $37.2 million, compared to $31 million in the year-ago period.

Year to date, PetMed Express reported net income of $23 million on revenue of $219.4 million, compared to net income of $20 million on revenue of $188.3 million in the year-ago period.

The company acquired about 802,000 new customers during the year, compared to 710,000 in the year prior.

New order growth accelerated to 16 percent in fiscal 2009 compared to 5 percent last year.

Reorder sales year to date were $156.8 million, compared to $134.3 million in the year-ago period.

New order sales year to date were $62.5 million, compared to $53.8 million in the year-ago period.

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