Earnings release
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PetMeds Your Trusted Pet Health Expert NEWS RELEASE PETMED EXPRESS D / B / A 1-800 - PETMEDS ANNOUNCES ITS THIRD FISCAL QUARTER FINANCIAL RESULTS AND ITS QUARTERLY DIVIDEND OF $ 0.28 PER SHARE 1/19/2021 PETMED EXPRESS D / B / A 1-800 - PETMEDS ANNOUNCES ITS THIRD FISCAL QUARTER FINANCIAL RESULTS AND ITS QUARTERLY DIVIDEND OF $ 0.28 PER SHARE Quarterly Sales Increased 10 % Diluted EPS increased from $ 0.34 to $ 0.38 per shareQuarterly Average Order Size increased to $ 88 Delray Beach , Florida , January 19 , 2021 , PetMed Express , Inc. ( NASDAQ : PETS ) today announced its financial results for the quarter ended December 31 , 2020. Net sales for the quarter ended December 31 , 2020 were $ 65.9 million , compared to $ 59.9 million for the quarter ended December 31 , 2019 , an increase of 10.0 % . Net sales for the nine months ended December 31 , 2020 were $ 237.5 million , compared to $ 209.8 million for the nine months ended December 31 , 2019 , an increase of 13.2 % . Net income was $ 7.6 million , or $ 0.38 diluted per share , for the quarter ended December 31 , 2020 , compared to net income of $ 6.8 million , or $ 0.34 diluted per share , for the quarter ended December 31 , 2019 , an 11.3 % increase to net income . Net income was $ 23.8 million , or $ 1.18 diluted per share , for the nine months ended December 31 , 2020 , compared to net income of $ 18.8 million , or $ 0.94 diluted per share , for the nine months ended December 31 , 2019 , a 26.0 % increase to net income . Reorder sales increased 11.9 % , to $ 60.2 million for the quarter ended December 31 , 2020 , compared to $ 53.8 million for the same quarter 1