PetMed Express, Inc. (PETS)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of PetMed Express, Inc. (“PetMed” or “the Company”) (NASDAQ: PETS). Investors who purchased PetMed securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether PetMed has violated federal securities laws.
After the market closed on October 30, 2023, PetMed announced its Q2 2023 results, reporting, among other things, that dividends will be suspended for the Company to invest in projects and initiatives that can give better returns. Previously, PetMed has declared a $0.30 per share dividend for 10 consecutive quarters. In addition, the Company reported net sales of $71M, missing estimates by $5M. On this news, PetMed’s stock price fell $2.29 per share, or 24.94%, to close at $6.89 per share on October 31, 2023.
If you are aware of any facts relating to this investigation or purchased PetMed securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]