PetMed Express

Health Retail ecommerce pharmacy veterinary

PetMed Express markets prescription and non-prescription pet medications, and other health products for dogs and cats, direct to the consumer. The Company offers consumers an attractive alternative for obtaining pet medications in terms of convenience, price, and speed of delivery.

Type

Public

Pompano Beach, US

Size (employees)

178 (est)

Website

1800petmeds.com

PetMed Express is headquartered in Pompano Beach, US

PetMed Express Office Locations

PetMed Express has an office in Pompano Beach

Pompano Beach, US (HQ)

1441 Sw 29th Ave

PetMed Express Data and Metrics

PetMed Express Financial Metrics

PetMed Express's revenue was reported to be $249.2 m in FY, 2017

Summary

USD

PetMed Express's current market capitalization is $799.4 m.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	233.4 m	229.4 m	234.7 m	249.2 m
Revenue growth, %		(2%)	2%	6%
Cost of goods sold	155.8 m	153.1 m	158.4 m	169.9 m
Gross profit	77.6 m	76.3 m	76.3 m	79.3 m
Gross profit Margin, %	33%	33%	33%	32%
Sales and marketing expense				17.7 m
General and administrative expense				22.8 m
Operating expense total	49.4 m	48.7 m	43.9 m	41.8 m
EBIT	28.2 m	27.6 m	32.4 m	37.5 m
EBIT margin, %	12%	12%	14%	15%
Pre tax profit	28.4 m	27.8 m	32.6 m	37.9 m
Income tax expense	10.4 m	10.3 m	12 m	14.1 m
Net Income	18 m	17.5 m	20.6 m	23.8 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016
Revenue	72.5 m	57.6 m	49.3 m	71.6 m	56.7 m	50.9 m	72.5 m	60.8 m	52.9 m
Cost of goods sold	48.8 m	39.1 m	32.2 m	48.7 m	37.8 m	34.2 m	50 m	42.7 m	36.2 m
Gross profit	23.8 m	18.5 m	17.1 m	23 m	18.9 m	16.8 m	22.5 m	18.1 m	16.6 m
Gross profit Margin, %	33%	32%	35%	32%	33%	33%	31%	30%	31%
Sales and marketing expense	9.9 m	6.9 m	4.3 m	7.9 m	6.2 m	4 m	5.8 m	4.4 m	3.2 m
General and administrative expense	5.9 m	5.4 m	4.9 m	5.8 m	5.4 m	5 m	6.1 m	5.7 m	5.4 m
Operating expense total	15.8 m	12.3 m	9.3 m	13.7 m	11.6 m	9 m	11.9 m	10.1 m	8.5 m
EBIT	7.8 m	4.3 m	7.7 m	9.1 m	7.1 m	7.6 m	10.4 m	7.7 m	7.7 m
EBIT margin, %	11%	7%	16%	13%	12%	15%	14%	13%	14%
Pre tax profit	7.9 m	4.3 m	7.7 m	9.1 m	7.1 m	7.7 m	10.5 m	7.8 m	7.8 m
Income tax expense	2.9 m	1.6 m	2.9 m	3.4 m	2.6 m	2.8 m	3.9 m	2.9 m	3 m
Net Income	5 m	2.7 m	4.8 m	5.8 m	4.5 m	4.9 m	6.6 m	4.9 m	4.8 m

Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	18.3 m	35.6 m	37.6 m	58.7 m
Inventories	1.8 m	1.4 m	2.4 m
Current Assets	74.2 m	80.4 m	67.6 m	81.8 m
PP&E	1.3 m	1.6 m	20.9 m	30.2 m
Total Assets	78.4 m	82.9 m	90.3 m	112.8 m
Accounts Payable	5.8 m	5.2 m	5 m	15.2 m
Current Liabilities	8.1 m	7.4 m
Total Liabilities				18.4 m
Additional Paid-in Capital	1.6 m	3.1 m	4.9 m	6.8 m
Retained Earnings	68.6 m	72.3 m	78.3 m	86.5 m
Total Equity	70.2 m	75.4 m	83.2 m	93.4 m
Financial Leverage	1.1 x	1.1 x	1.1 x	1.2 x

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016
Cash	29.1 m	34.6 m	37.1 m	42.7 m	42.2 m	47.1 m	44.3 m	51.9 m	47.9 m
Current Assets	81.8 m	77.2 m	77.8 m	91 m	86.1 m	86.4 m	77.3 m	74.6 m	67.7 m
PP&E	1.2 m	1.4 m	1.2 m	1.5 m	1.4 m	1.2 m	20.8 m	20.6 m	29.1 m
Total Assets	86 m	79.4 m	79.8 m	93.4 m	88.4 m	88.6 m	99.8 m	96.5 m	97.6 m
Accounts Payable	8.6 m	5.2 m	3.9 m	10 m	7.3 m	5.4 m	7.3 m	6.1 m	5.4 m
Current Liabilities	13.9 m	7.6 m	6.3 m						7.9 m
Additional Paid-in Capital	2 m	2.4 m	2.7 m	3.5 m	4 m	4.4 m	5.3 m	5.9 m	6.4 m
Retained Earnings	70.2 m	69.5 m	70.8 m	74.5 m	75.3 m	76.5 m	81 m	82 m	82.9 m
Total Equity	72.1 m	71.8 m	73.5 m	77.9 m	79.2 m	80.9 m	86.4 m	88 m	89.4 m
Financial Leverage	1.2 x	1.1 x	1.1 x	1.2 x	1.1 x	1.1 x	1.2 x	1.1 x	1.1 x

Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	18 m	17.5 m	20.6 m	23.8 m
Depreciation and Amortization	867 k	660 k	770 k	1.4 m
Accounts Receivable	(417 k)	(264 k)	(53 k)	(505 k)
Inventories	(1.2 m)	662 k	(1.1 m)
Accounts Payable	(686 k)	(616 k)	(149 k)	10.2 m
Cash From Operating Activities	13.5 m	32 m	21.1 m	47.2 m
Purchases of PP&E	(45 k)	(918 k)	(20.1 m)	(10.6 m)
Cash From Investing Activities	(129 k)	(986 k)	(4.5 m)	(10.6 m)
Dividends Paid	(13.3 m)	(13.8 m)	(14.7 m)	(15.5 m)
Cash From Financing Activities	(13.2 m)	(13.7 m)	(14.5 m)	(15.5 m)
Income Taxes Paid	10.7 m	10 m	12.2 m	11.4 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016
Net Income	5 m	2.7 m	4.8 m	5.8 m	4.5 m	4.9 m	6.6 m	4.9 m	4.8 m
Depreciation and Amortization	163 k	159 k	165 k	191 k	186 k	167 k	194 k	204 k	457 k
Accounts Payable	8.6 m	5.2 m	3.9 m	10 m	7.3 m	5.4 m	7.3 m	6.1 m	5.4 m

Ratios

USD	Y, 2017
Revenue/Employee	1.4 m
Financial Leverage	1.2 x

PetMed Express Operating Metrics

PetMed Express's Customers was reported to be 514 k in FY, 2017, which is a 5% increase from the previous period

	FY, 2014	Q2, 2014	Q3, 2014	Q4, 2014	FY, 2015	Q2, 2015	Q3, 2015	Q4, 2015	FY, 2016	Q2, 2016	Q3, 2016	Q4, 2016	FY, 2017
Average Spending per Transaction	$75	$82	$75	$76	$77	$82	$80	$78	$81	$82	$82	$81	$83
Visitors	27 m				30 m				33 m				32 m
Customers	597 k				529 k				489 k				514 k
Total Accumulated Customers	8.06 m				8.59 m				9.08 m				9.59 m
Stock Keeping Units	3 k				3 k				3 k				3 k

Source: Company Filings

PetMed Express Market Value History

Market Position of PetMed Express

Competitors

United Health Products

PetMed Express

PetMed Express Office Locations

PetMed Express Data and Metrics

PetMed Express Financial Metrics

Summary

Revenue (FY, 2017)

Revenue growth (FY, 2016 - FY, 2017), %

Gross profit (FY, 2017)

Gross profit margin (FY, 2017), %

Net income (FY, 2017)

EBIT (FY, 2017)

Market capitalization (21-Jul-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

Sales and marketing expense

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Pre tax profit

Income tax expense

Net Income

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

Sales and marketing expense

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Inventories

Current Assets

PP&E

Total Assets

Accounts Payable

Current Liabilities

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash

Current Assets

PP&E

Total Assets

Accounts Payable

Current Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

Purchases of PP&E

Cash From Investing Activities

Dividends Paid

Cash From Financing Activities

Income Taxes Paid

Net Income

Depreciation and Amortization

Accounts Payable

Ratios

Revenue/Employee

Financial Leverage