PETMED EXPRESS INC PETS Income Statement

Petmed express inc (PETS)

Income statement / TTM

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
274,404	274,557	276,017	283,419	286,176	286,218	281,533	273,800	269,510	262,266	256,346	249,176	241,536	239,603	235,537	234,684	229,286	227,637	228,488	229,395	228,033	228,835	231,738	233,391	235,879	235,402	233,068	227,829	232,633	233,547	233,627	238,250	233,236	227,831	230,851	231,642	0	0	0
Cost of sales
194,120	192,589	188,796	188,105	186,667	184,146	181,237	175,993	174,467	172,524	172,019	169,862	166,714	164,670	159,755	158,388	153,714	151,719	153,024	153,125	151,239	152,252	154,362	155,774	157,490	156,690	154,238	150,708	154,780	155,752	155,268	158,085	154,563	149,387	150,011	147,686	0	0	0
Gross profit
80,284	81,968	87,221	95,314	99,509	102,072	100,296	97,807	95,043	89,742	84,327	79,314	74,822	74,933	75,782	76,296	75,572	75,918	75,464	76,270	76,794	76,583	77,376	77,617	78,389	78,712	78,830	77,121	77,853	77,795	78,359	80,165	78,673	78,444	80,840	83,956	0	0	0
Operating expenses:
General and administrative
24,691	24,444	24,341	24,767	24,995	25,020	24,998	24,290	23,815	23,358	22,927	22,799	22,343	21,959	21,600	21,301	21,063	21,032	21,025	21,101	21,070	21,230	21,354	21,352	21,636	21,677	21,543	21,592	21,851	21,948	22,181	22,363	22,135	21,987	22,096	22,200	0	0	0
Advertising
23,065	23,521	24,065	22,148	19,937	20,444	19,670	19,255	19,295	18,339	18,195	17,663	17,027	17,845	19,712	21,837	22,170	22,505	23,171	25,182	26,417	26,611	26,681	27,180	27,454	27,539	27,978	27,433	28,792	29,639	30,119	30,369	28,950	27,945	28,616	27,357	0	0	0
Discontinued project costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
2,263	2,257	2,237	2,225	2,200	2,176	2,151	2,126	2,104	2,029	1,706	1,369	1,081	791	773	770	717	715	688	660	657	711	782	867	957	992	1,011	1,091	1,196	1,301	1,398	1,411	1,398	1,397	1,366	1,375	0	0	0
Total operating expenses
50,019	50,222	50,643	49,140	47,132	47,640	46,819	45,671	45,214	43,726	42,828	41,831	40,451	40,595	42,085	43,908	43,950	44,252	46,598	48,657	49,858	50,266	48,817	49,399	50,047	50,208	50,532	50,116	51,839	52,888	53,698	54,143	52,483	51,329	52,078	50,932	0	0	0
Income from operations
30,265	31,746	36,578	46,174	52,377	54,432	53,477	52,136	49,829	46,016	41,499	37,483	34,371	34,338	33,697	32,388	31,622	31,666	28,866	27,613	26,936	26,317	28,559	28,218	28,342	28,504	28,298	27,005	26,014	24,907	24,661	26,022	26,190	27,115	28,762	33,024	0	0	0
Other income:
Interest income, net
1,996	2,083	2,052	1,864	1,556	1,239	954	658	462	307	196	141	126	145	168	190	206	201	190	184	182	178	182	185	183	278	294	306	324	253	261	288	344	372	401	381	0	0	0
Other, net
1,118	1,072	1,023	1,083	1,067	1,077	1,071	995	849	714	488	300	281	147	120	63	-14	-14	-12	1	3	4	7	-4	-1	0	0	-	0	-	-	61	45	-98	-132	-128	0	0	0
Total other income
3,114	3,155	3,075	2,947	2,623	2,316	2,025	1,653	1,311	1,021	684	441	333	218	214	179	192	187	178	185	185	182	189	181	177	272	287	301	320	251	323	349	389	274	269	253	0	0	0
Income before provision for income taxes
33,379	34,901	39,653	49,121	55,000	56,748	55,502	53,789	51,140	47,037	42,183	37,924	34,704	34,556	33,911	32,567	31,814	31,853	29,044	27,798	27,121	26,499	28,748	28,399	28,519	28,776	28,585	27,306	26,334	25,158	24,984	26,371	26,579	27,389	29,031	33,277	0	0	0
Provision for income taxes
7,912	8,487	9,152	11,381	13,696	14,167	14,913	16,506	16,537	16,675	15,682	14,105	12,970	12,755	12,507	12,000	11,714	11,846	10,807	10,345	10,093	9,727	10,558	10,427	10,471	10,692	10,617	10,141	9,777	9,280	9,210	9,712	9,767	9,953	10,548	12,406	0	0	0
Net income
25,467	26,414	30,501	37,740	41,304	42,581	40,589	37,283	34,603	30,362	26,501	23,819	21,734	21,801	21,404	20,567	20,100	20,007	18,237	17,453	17,028	16,772	18,190	17,972	18,048	18,084	17,968	17,165	16,557	15,878	15,774	16,659	0	0	0	-	-	-	-
Net change in unrealized gain on short term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54	-37	-43	-60	-17	-11	18	19	-35	-25	-117	-101	-46	0	0	0	-	-	-	-	-	-	-	-
Comprehensive income
25,467	26,414	30,501	37,740	41,304	42,581	40,589	37,283	34,603	30,362	26,501	23,819	21,821	21,874	21,493	20,621	20,063	19,964	18,177	17,436	17,017	16,790	18,209	17,937	18,023	17,967	17,867	17,119	16,533	15,946	15,875	16,844	16,930	17,545	18,543	20,838	0	0	0
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