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PetMed Grows On New Orders, Low Ad Costs.(B)(NASDAQ STOCKS IN THE NEWS)

Investor's Business Daily

| November 01, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Marie Beerens

PetMed Express may be forming a first-stage base after it hit a 52-week high of 12.05 in mid-September. The stock closed at 11.25 on its first day of trading on the Nasdaq in January 2004, but fell 30% to a low of 4 in subsequent months.

The nation's largest pet pharmacy sells prescription and nonprescription drugs online and via its catalog to more than 1 million customers.

Earnings improved from a loss of 28 cents a share in fiscal 2001 to a gain of 34 cents in fiscal 2005. In the same period, sales soared more than tenfold from $10 million to $108 million. It has logged double-digit growth in earnings per share in seven of the past nine ...

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