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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
PetMed Express
PetMed Express (PETS) investor relations material
PetMed Express Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2027 earnings summary10 Nov, 2026
Executive summary
Q2 FY2027 net sales fell 19.4% YoY to $35.770M; net loss narrowed to $6.434M from $8.520M, while Adjusted EBITDA loss widened to $3.643M from $2.316M.
Operations were described as stabilized; priorities include reshaping the direct-to-consumer pharmacy business and returning to profitable growth.
Financial highlights
Q2 gross profit fell to $9.803M from $12.415M; operating loss was $6.419M versus $8.380M.
Q2 operating expenses declined to $16.222M from $20.795M; G&A fell 15.6% to $12.0M and advertising fell 52.3% to $2.1M.
H1 net sales were $76.785M versus $95.544M; net loss was $12.579M versus $42.672M, including a $27.258M prior-year impairment charge.
H1 Adjusted EBITDA loss was $7.091M versus $5.012M.
Outlook and guidance
Priorities include clearer brand positioning, more efficient marketing, simpler online checkout, stronger retention, and a focused product assortment.
Management cited a credible path to profitability and then growth, while noting customer relationship rebuilding is a multi-year effort; no numerical financial outlook was stated.
Management said cost and marketing actions alleviate substantial doubt about the ability to continue as a going concern over the next 12 months; sales remain difficult to predict.
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Latest events from PetMed Express
- Sales fell 19.9% year-over-year as losses narrowed and liquidity improved via asset sales.PETS
Q1 2027 - Virtual annual meeting to address board elections, compensation, auditor, and incentive plan.PETSProxy filing
- Virtual meeting to vote on directors, pay, auditor, and incentive plan; strong governance and ESG.PETSProxy filing
- FY26 revenue fell 21.1% with a $57.3M net loss, but Q4 sales and margins improved.PETSQ4 2026
- Sales and margins fell sharply, with a $53M net loss and major impairments amid ongoing headwinds.PETSQ3 2026
- Sales dropped 22.7% and a $26.7M goodwill impairment led to a $34.2M net loss.PETSQ1 2026
- Net sales dropped 13% but net income rebounded to $3.8M on cost controls and stock comp reversal.PETSQ1 2025
- Digital transformation, product expansion, and operational efficiency drive future growth.PETSMorgan Stanley 22nd Annual Global Healthcare Conference
- Q4 sales up 6.6% to $66.5M, but losses widened; focus on tech, efficiency, and growth.PETSQ4 2024
Next PetMed Express earnings date
Q3 20278 Feb, 2027
PetMed Express
Next PetMed Express earnings date
Q3 20278 Feb, 2027
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Frequently asked questions
PetMed Express Inc is a pet pharmacy that markets prescription and non-prescription pet medications, health products, and supplies. It operates primarily through direct-to-consumer channels, including e-commerce and call centers. The company serves dog and cat owners across the United States. PetMed Express Inc is headquartered in Delray Beach, Florida, and its shares are listed on the NASDAQ.