PETMED EXPRESS INC PETS Income Statement

Petmed express inc (PETS)

Income statement / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
Sales
59,915	69,936	79,988	64,565	60,068	71,396	87,390	67,322	60,110	66,711	79,657	63,032	52,866	60,791	72,487	55,392	50,933	56,725	71,634	49,994	49,284	57,576	72,541	48,632	50,086	60,479	74,194	51,120	49,609	58,145	68,955	55,924	50,523	58,225	73,578	50,910	45,118	61,245	74,369
Cost of sales
42,218	49,934	58,127	43,841	40,687	46,141	57,436	42,403	38,166	43,232	52,192	40,877	36,223	42,727	50,035	37,729	34,179	37,812	48,668	33,055	32,184	39,117	48,769	31,169	33,197	41,227	50,181	32,885	32,397	38,775	46,651	36,957	33,369	38,291	49,468	33,435	28,193	38,915	47,143
Gross profit
17,697	20,002	21,861	20,724	19,381	25,255	29,954	24,919	21,944	23,479	27,465	22,155	16,643	18,064	22,452	17,663	16,754	18,913	22,966	16,939	17,100	18,459	23,772	17,463	16,889	19,252	24,013	18,235	17,212	19,370	22,304	18,967	17,154	19,934	24,110	17,475	16,925	22,330	27,226
Operating expenses:
General and administrative
6,040	6,303	6,508	5,840	5,793	6,200	6,934	6,068	5,818	6,178	6,226	5,593	5,361	5,747	6,098	5,137	4,977	5,388	5,799	4,899	4,946	5,381	5,875	4,868	5,106	5,505	5,873	5,152	5,147	5,371	5,922	5,411	5,244	5,604	6,104	5,183	5,096	5,713	6,208
Advertising
3,163	4,756	8,624	6,522	3,619	5,300	6,707	4,311	4,126	4,526	6,292	4,351	3,170	4,382	5,760	3,715	3,988	6,249	7,885	4,048	4,323	6,915	9,896	5,283	4,517	6,985	10,395	5,557	4,602	7,424	9,850	6,916	5,449	7,904	10,100	5,497	4,444	8,575	8,841
Discontinued project costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
562	572	568	561	556	552	556	536	532	527	531	514	457	204	194	226	167	186	191	173	165	159	163	170	219	230	248	260	254	249	328	365	359	346	341	352	358	315	350
Total operating expenses
9,765	11,631	15,700	12,923	9,968	12,052	14,197	10,915	10,476	11,231	13,049	10,458	8,988	10,333	12,052	9,078	9,132	11,823	13,875	9,120	9,434	14,169	15,934	10,321	9,842	12,720	16,516	10,969	10,003	13,044	16,100	12,692	11,052	13,854	16,545	11,032	9,898	14,603	15,399
Income from operations
7,932	8,371	6,161	7,801	9,413	13,203	15,757	14,004	11,468	12,248	14,416	11,697	7,655	7,731	10,400	8,585	7,622	7,090	9,091	7,819	7,666	4,290	7,838	7,142	7,047	6,532	7,497	7,266	7,209	6,326	6,204	6,275	6,102	6,080	7,565	6,443	7,027	7,727	11,827
Other income:
Interest income, net
421	459	567	549	508	428	379	241	191	143	83	45	36	32	28	30	55	55	50	46	50	44	44	44	46	48	47	42	141	64	59	60	70	72	86	116	98	101	66
Other, net
301	304	257	256	255	255	317	240	265	249	241	94	130	23	53	75	-4	-4	-4	-2	-4	-2	9	0	-3	1	-2	-	3	-	-	-1	-1	64	-1	-17	-144	30	3
Total other income
722	763	824	805	763	683	696	481	456	392	324	139	166	55	81	31	51	51	46	44	46	42	53	44	43	49	45	40	138	64	59	59	69	136	85	99	-46	131	69
Income before provision for income taxes
8,654	9,134	6,985	8,606	10,176	13,886	16,453	14,485	11,924	12,640	14,740	11,836	7,821	7,786	10,481	8,616	7,673	7,141	9,137	7,863	7,712	4,332	7,891	7,186	7,090	6,581	7,542	7,306	7,347	6,390	6,263	6,334	6,171	6,216	7,650	6,542	6,981	7,858	11,896
Provision for income taxes
1,814	2,469	1,642	1,987	2,389	3,134	3,871	4,302	2,860	3,880	5,464	4,333	2,998	2,887	3,887	3,198	2,783	2,639	3,380	2,912	2,915	1,600	2,918	2,660	2,549	2,431	2,787	2,704	2,770	2,356	2,311	2,340	2,273	2,286	2,813	2,395	2,459	2,881	4,671
Net income
6,840	6,665	5,343	6,619	7,787	10,752	12,582	10,183	9,064	8,760	9,276	7,503	4,823	4,899	6,594	5,418	4,890	4,502	5,757	4,951	4,797	2,732	4,973	4,526	4,541	4,150	4,755	4,602	4,577	4,034	3,952	3,994	3,898	3,930	4,837	-	-	-	-
Net change in unrealized gain on short term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87	-14	16	-35	-4	-20	-1	8	2	9	0	-46	12	-83	16	9	-	-	-	-	-	-	-	-
Comprehensive income
6,840	6,665	5,343	6,619	7,787	10,752	12,582	10,183	9,064	8,760	9,276	7,503	4,823	4,899	6,594	5,505	4,876	4,518	5,722	4,947	4,777	2,731	4,981	4,528	4,550	4,150	4,709	4,614	4,494	4,050	3,961	4,028	3,907	3,979	4,930	4,114	4,522	4,977	7,225
Net income per common share:
Basic (in dollars per share)
0.34	0.33	0.26	0.31	0.38	0.53	0.62	0.49	0.45	0.43	0.46	0.37	0.24	0.24	0.33	0.27	0.24	0.22	0.29	0.24	0.24	0.14	0.25	0.22	0.23	0.21	0.24	0.23	0.23	0.20	0.20	0.21	0.19	0.19	0.22	0.19	0.20	0.22	0.32
Diluted (in dollars per share)
0.34	0.33	0.26	0.32	0.38	0.52	0.62	0.50	0.44	0.43	0.45	0.37	0.24	0.24	0.32	0.27	0.24	0.22	0.29	0.24	0.24	0.14	0.25	0.22	0.23	0.21	0.24	0.23	0.23	0.20	0.20	0.20	0.19	0.19	0.22	0.18	0.20	0.22	0.32
Weighted average number of common shares outstanding:
Basic (in shares)
19,984	19,963	20,235	20,490	20,483	20,463	20,408	20,374	20,368	20,349	20,293	20,260	20,253	20,234	20,181	60,381	20	20	20,074	20,045	20,038	20,016	19,961	-59,595	19,925	19,902	19,848	19,815	19,808	19,962	20,119	20,080	20,082	20,642	21,648	44,695	22	22,616	22,722
Diluted (in shares)
19,994	19,973	20,245	20,502	20,493	20,520	20,449	20,422	20,425	20,437	20,448	20,394	20,408	20,377	20,333	60,777	20	20	20,198	20,144	20,162	20,146	20,092	-60,046	20,079	20,044	20,004	19,966	19,923	20,062	20,245	20,175	20,180	20,710	21,767	44,940	22	22,741	22,868
Cash dividends declared per common share (in dollars per share)
0.27	0.27	0.27	0.27	0.27	0.27	0.25	0.25	0.20	0.20	0.20	0.19	0.19	0.19	0.19	0.18	0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.15	0.15	1.15	0.15	0.15	0.15	0.12	0.12	0.12	0.12	0.12	0.12	0.10