PETS News & Events

A catch-up rally in Utilities and Basic Materials - the best performing sectors in the S&P 500 - helped the benchmark index to new record highs on Tuesday, though Energy and Technology were also bid amid the ongoing inflows seeking to benefit from Middle East tension and the powerful AI capex cycle.  Communication Equipment names and Semiconductors traded especially strongly within Tech, though Infrastructure and Application Software underperformed as Microsoftpared its gains after three strong sessions.  HP Enterpriseand Coherentwere the best performing stocks in the S&P 500 while Intuitand Trade Deskwere the biggest losers with a 9% decline.In the opening hour of the evening session, S&P e-minis and Nasdaq 100 contracts are down about a decimal.  In commodities, WTI Crude Oil remains bid with a 1% advance while Copper is consolidating two strong sessions of gains.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Sportsman's Warehouseup 13%GameStopup 9%Ulta Beautyup 0.2%ALSO HIGHER -Shopifyup 1.5% after $3B buybackDOWN AFTER EARNINGS -Yextdown 17%GitLabdown 5%PetMed Expressdown 2.4%Palo Alto Networksdown 1.4%.ALSO LOWER -TETRA Technologiesdown 11% after equity offering

The company stated in its Q4 earnings announcement: "In December 2025, the Company received two unsolicited, non-binding preliminary proposals from two separate third parties to acquire all of the outstanding shares of Common Stock of the Company at prices ranging from $4.00 to $4.25 per share in cash, subject to customary conditions, including the satisfactory completion of due diligence and the negotiation and execution of a mutually acceptable definitive agreement. In response to the receipt of these proposals, the Board of Directors of the Company, consistent with its fiduciary duties and in consultation with its financial and legal advisors, carefully evaluated the two unsolicited proposals and directed its financial advisor to actively solicit interest in a potential sale transaction from other strategic and financial sponsors that the Company and its financial advisor believed might have an interest in, and the financial capacity to consummate, a potential acquisition of the Company at a price and on terms that would maximize value for the Company's stockholders. Following this process and after careful deliberation and consideration of the alternatives reasonably available to the Company, the Board determined that it is in the best interests of the Company and its stockholders not to proceed with either of the publicly announced proposals, as a result of which the Company is continuing to operate as an independent, publicly traded company. However, the Board remains open to considering any inbound indications of interest with respect to a potential transaction that may be received in the future and will continue to act in accordance with its fiduciary duties to evaluate any such proposals should they arise."

Reports Q4 revenue $42.82M vs. $50.76M last year. "We are pleased to report a modest sequential quarterly increase in fourth quarter net sales, demonstrating positive momentum as we close out the year," said Leslie Campbell, Interim Chief Executive Officer and President. "Throughout 2026, we focused on stabilizing our core business and strengthening the foundation for future long term value creation. We completed strategic, operational and technology initiatives that collectively reduced our cost structure and represent an important foundation for our future. We will continue to focus on operational excellence, driving sustainable long-term results, and delivering value for shareholders. We intend to do this in part through improved customer retention by leveraging our operational improvements, and also by expanding our market footprint through B2B relationships utilizing our membership programs as well as our white-label pharmacy fulfillment services like our recently announced Master Services Agreement with Rural King."

PetMed Express announced a strategic partnership with Rural King to launch a new pet pharmacy offering, expanding access to prescription medications, preventatives and pet health products for customers across Rural King's retail stores and digital platforms. Through the partnership, PetMeds will provide pharmacy infrastructure, licensed pharmacists, and e-commerce capabilities to enable Rural King customers to access prescription medications, preventatives, and pet health products. "This partnership marks an important step in PetMeds' growth strategy and an exciting new chapter in our mission to broaden access to quality pet health care," said Leslie Campbell, chairman and interim CEO of PetMeds. "For more than 30 years, PetMeds has focused on making high-quality, trusted pet health care more accessible and affordable. By extending our pharmacy platform to millions of pet owners who rely on Rural King for their farm, ranch and pet care needs, we are making it easier for customers in communities across the country to access the medications and health products their animals need."