PetMed Express beats by $0.02, beats on revs, raises quarterly dividend by 6% to $0.19/sh :
- Reports Q4 (Mar) earnings of $0.27 per share, $0.02 better than the Capital IQ Consensus of $0.25; revenues rose 10.8% year/year to $55.39 mln vs the $50.22 mln Capital IQ Consensus.
- "We saw sharp increases in both new order and reorder sales, helped in part by the unseasonably warmer weather in the March quarter. We were encouraged with our advertising efficiency in the quarter, as our new customer acquisition costs were reduced to $32 for the quarter ended March 31, 2016 compared to $42 for the same quarter the prior year."
- During MarQ, the co acquired approximately 116,000 new customers, compared to 97,000 new customers acquired in the same quarter the prior year. Average order value was $83 vs $81 for the same quarter the prior year.
- Co raises quarterly dividend to $0.19 per share from $0.18, payable on May 27 to shareholders of record at the close of business on May 20.
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