Wednesday, June 08, 2005

PetMed Express 2005 results

The largest pharmacy in America for dogs, cats and horses, PetMed Express, Inc. offers prescription and non-prescription pet medications and health products via website, phone and catalog.

The company reported net income in fiscal 2005 up 38 percent to $8 million, and net sales up 15 percent to $108.4 million, compared to 2004.

The company acquired 510,000 new customers in 2005, down slightly from 2004, but showed increases in gross margins, retail reorders and internet sales, with 53 percent of sales completed online compared to 50 percent last year.