UPDATE: PetMed Express Q1 Adj. EPS $0.03 Misses $0.07 Estimate, Sales $78.24M Miss $79.44M Estimate
Portfolio Pulse from mahesh@benzinga.com
PetMed Express reported Q1 earnings of $0.03 per share, missing the analyst consensus estimate of $0.07 by 57.14%. This is a 78.57% decrease from the same period last year. The company also reported quarterly sales of $78.24 million, missing the analyst consensus estimate of $79.44 million by 1.51%. However, this is an 11.48% increase from the same period last year.
July 31, 2023 | 9:06 pm
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NEGATIVE IMPACT
PetMed Express reported lower than expected Q1 earnings and sales. Earnings per share decreased by 78.57% YoY, while sales increased by 11.48% YoY.
PetMed Express reported lower than expected earnings and sales for Q1. This could negatively impact the company's stock price in the short term as it indicates a potential slowdown in growth and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100