Bear of the Day: PetMed Express (PETS)

PetMed Express (PETS) reported another disappointing quarter with EPS of $0.20, in line with the Zacks Consensus Estimate although lower than the year-ago quarter’s $0.25. Revenues continued to slide with a decline in new order sales and fewer new customers. Moreover, both gross and operating margins declined driven by higher product and advertising costs. This [...]