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PetMed Express (PETS)
What hasn't killed PetMed Express has only made it stronger. The online seller of pet medications and supplies has survived regulatory challenges initiated by veterinarians who felt PetMed's Internet-based business cut into their sales of pet drugs to their customers. At the same time, the Pompano Beach (Fla.) company had to win over major pharmaceutical companies -- reluctant to create friction among veterinarians -- to sell their products over PetMed's Web site. But PetMed Chairman and CEO Dr. Marc Puleo persisted. His persistence has paid off for the company, which he founded in 1996. Revenue has skyrocketed from $10 million in 2001 to $108.4 million in 2005, and net income along with it. After suffering a $2.8 million loss in 2001, PetMed earned a tidy $8 million profit last year. Meantime, its share price has zoomed from around $2 to almost $16 today. Just what the doctor ordered.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 385.9 |
| Sales* ($ Millions) | 137.6 |
| Sales Growth (3-yr. avg. annual) |
31.8 % |
| Profits* ($ Millions) | 12.1 |
| Profit Growth (3-yr. avg. annual) | 50.1 % |
| Return on Inv. Capital (3-yr.) | 36.0 % |
| Share Price 12-Mo. Hi/Lo | 20/6 |
| Share Price As of 4/28/06 | 16 |
| Return on Equity | 32.1 % |
| P/E Ratio | 32 |
| No. of Employees | 140 |
| Industry | Catalog Retail |
| CURRENT MARKET INFO | PETS > |
| COMPANY WEB SITE > | |
| Location | Pompano Beach, Fla. |
| Phone | 954 979-5995 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
PetMed Express, doing business as 1-800-PetMeds, delivers prescription and nonprescription pet medications and other health products for dogs, cats, and horses in the U.S. Petmed Express prescription medication products include heartworm treatments, thyroid and arthritis medications, antibiotics, and other specialty medications, as well as generic substitutes. Its nonprescription medication offerings include flea and tick control products, bone and joint care products, vitamins and nutritional supplements, and hygiene products. The company sells its products primarily to retail consumers. It also sells nonprescription medications to various businesses, including pet stores, groomers, and traditional brick-and-mortar stores. The company distributes its products through its 1-800-PetMeds toll free number and on the Internet through its Web site at www.1800petmeds.com. PetMed Express was founded in 1996 and is based in Pompano Beach, Fla.
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