PetMed Express, Inc. (PETS), the America ’s largest Pet Pharmacy, recently reported second-quarter 2010 results. The quarterly earnings of 28 cents a share came in line with the Zacks Consensus Estimate but rose 12% year-on-year from 25 cents posted in the prior-year quarter.  Net sales climbed 5% to $62.4 million during the quarter. Reorder sales jumped 11% to $45.8 million, whereas new order sales fell 8% to $16.7 million, as the new customer additions fell 3% to 233,000 due to lower advertising spending (down 10% to $7.8 million). However, the cost to acquire a new customer fell 8% to $33 from $36 in the year-ago quarter.  PetMed also notified that the average order size for the quarter fell to $78 from $81 in the prior-year quarter due to customers purchasing smaller quantities of products.  Gross profit increased 4% driven by increase in net sales, partially ...

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PetMed Express Inc. (PETS) gained nearly 2% this noon to trade close to its 200-day moving average of $15.65. The consensus forecast on the company's full-year earnings has gone up by 4 cents per share to $1.09 in the last month. PetMed is a Zacks#2 Rank ("Buy") stock.

"PETS" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

A 26% gain in PetMed Express, Inc. (PETS) was realized in the Zacks Elite Timely Buys portfolio earlier this week.

PETS was added in late February, after revisions to earnings estimates put the stock on the Zacks #1 Rank ("strong buy") list. A lack of additional revisions moved PETS to the Zacks #2 Rank ("buy") list and prompted us to take the gains.

The Timely Buys List is a short-term portfolio comprised of all of the Zacks #1 Rank ("strong buy") stocks in the bigger Focus List portfolio.

Visit Zacks Elite to learn more about these portfolios and to see what stocks we added this morning.

"PETS" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Highlighted stocks include PetMed Express, Inc. ( Sales Jumped 16% in Fiscal Third Quarter 2009

On Jan 20, PetMed Express reported results for the third quarter ending Dec 31, 2008 which beat analysts' estimates by 5%. The company has now surprised on estimates four consecutive quarters.

Net income climbed 15% to $4.9 million, or 21 cents per share, from $4.4 million, or 18 cents in the third quarter of 2007. Analysts had expected

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