PetMed Express Q2 Profit Rises - Quick Facts

(RTTNews) - PetMed Express Inc. (PETS) reported that its second-quarter net income increased to $4.2 million, or $0.21 per share, from $4.0 million, or $0.20 per share in the year ago quarter.

Reorder sales increased by 5.3%, from $46.4 million to $48.9 million for the quarters ended September 30, 2012 and 2013, respectively. Additionally, the company's online sales increased by 7.3% to $47.9 million for the quarter ended September 30, 2013, compared to $44.6 million for the same quarter the prior year, with approximately 79% of all orders being generated from its website during the quarter compared to 77% for the same quarter the prior year.

Net sales for the quarter were $60.5 million, compared to $58.1 million last year, an increase of 4.0%.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share and revenues of $60.33 million. Analysts' estimates typically exclude special items.