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1800PetMeds® Press Releases investor.1800petmeds.com/pressroom.php PetMeds Investors Call Us : 1-800-738-6337 Email Us 07.26.2021 PETMED EXPRESS , INC . D / B / A 1-800 PETMEDS ANNOUNCES ITS FIRST QUARTER FINANCIAL RESULTS AND A QUARTERLY DIVIDEND OF $ 0.30 PER SHARE Delray Beach , Florida , July 26 , 2021 - PetMed Express , Inc. ( NASDAQ : PETS ) today announced its financial results for its first quarter ended June 30 , 2021. Net sales for the quarter ended June 30 , 2021 were $ 79.3 million , compared to $ 96.2 million for the quarter ended June 30 , 2020 , but relatively flat versus the quarter ended June 30 , 2019 , prior to the pandemic . Net income for the quarter ended June 30 , 2021 was $ 4.4 million , or $ 0.22 diluted per share , compared to net income of $ 7.8 million , or $ 0.39 diluted per share , for the same quarter the prior year , and $ 5.3 million or $ 0.26 for the quarter ended June 30 , 2019. During the quarter ended June 30 , 2021 there were one - time charges of $ 717,000 related to the CEO's separation agreement . The Company also incurred an additional cost of $ 260,000 related to brand and marketing consulting fees . Mendo Akdag , the Company's CEO , commented : " In our first quarter of FY 2022 , we faced a nique situation . We were coming off a very strong quarter the previous year that was primarily driven by increased online buying as a result of the pandemic causing many stores to close and many vets to be unavailable . As a result , in the first quarter of FY 2021 consumers increasingly relied on ecommerce . However , during the most recent quarter while the pandemic was abating and stores were re - opening , the advertising market was rapidly recovering with demand driving up ad prices dramatically . As a result , our advertising spending delivered fewer ad impressions than in prior years . Because of this , we believe our advertising spending was less effective in pharmacy What does it mean to be a .Pharmacy - Verified Website ? Find out at www.safe.pharmacy . 1/5