1/25/11

The web and total sales drop in Q3 for PetMed

Web sales declined 1.5% in Q3, but remain up 1.8% for year to date.

Mark Brohan , Research Director

Web sales and total sales declined in the third quarter for PetMed Express Inc.

For the third quarter of fiscal 2011 ended Dec. 31, PetMed, No. 101 in the Internet Retailer Top 500 Guide, recorded:

“It has been another challenging quarter, due to reduced advertising as a result of tighter television advertising inventory, combined with consumers giving greater consideration to price and a softer demand for some of the product categories we offer,” says CEO Menderes Akdag.

For the first three quarters of fiscal 2011:

Topics:

e-commerce sales, PetMed Express Inc, Top 500, web sales

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