DELRAY BEACH, Fla. - PetMed Express, Inc. (NASDAQ: PETS), a leading pet pharmacy, announced today the immediate appointment of Sandra Campos as the new President and CEO. Campos, a member of the company's Board of Directors for the past year, succeeds Matt Hulett, who will assist in the transition until May 10, 2024, and then continue as an advisor through August.
Campos brings over 25 years of consumer retail experience, including leadership roles with Diane von Furstenberg, Juicy Couture, BCBG, Bebe, and Herve Leger. Her expertise lies in digital and physical retail growth through technology, direct marketing to consumers, and supply chain diversification.
Leslie C. G. Campbell, Chairman of the Board, expressed confidence in Campos's ability to drive sustainable growth and shareholder value, citing her strategic, customer-centric approach and operational excellence.
In her statement, Campos expressed her commitment to leveraging her industry knowledge and experience to ensure a seamless transition that benefits PetMeds' stakeholders. She plans to focus on growth, customer and employee experiences, and shareholder value, and looks forward to engaging with analysts and shareholders after the upcoming earnings call.
Hulett praised Campos's extensive experience and leadership capabilities as key to guiding PetMeds into a promising future. The Board acknowledged Hulett's contributions during his tenure and wished him well in his future endeavors.
Campos's retail career spans various leadership roles and entrepreneurial ventures, including co-founding a celebrity brand management company. She is a regular CNBC contributor and serves as a Director of Big Lots (NYSE:BIG) Stores. Her recognitions include being named in the top 100 Latina Leaders and as a Top Woman in Retail.
This leadership change is part of PetMed Express's strategic efforts to maintain its position as a trusted pet health expert, offering a range of pet medications, food, and health services. The information in this article is based on a press release statement from PetMed Express, Inc.
InvestingPro Insights
PetMed Express, Inc. (NASDAQ: PETS) has recently made a significant leadership change with the appointment of Sandra Campos as President and CEO, aiming to revitalize its business strategy. Here are some key insights from InvestingPro that may shed light on the company's financial health and market position, which could be relevant to investors considering the impact of this executive transition.
InvestingPro Data:
- PetMed Express has a market capitalization of $81.99 million, reflecting its size within the pharmaceutical retail market for pets.
- The company's price-to-earnings (P/E) ratio stands at -30.76, indicating that investors are currently valuing the company's earnings negatively. This could suggest skepticism about future profitability or an understanding that the company is in an investment phase.
- Revenue for the last twelve months as of Q3 2024 is reported at $276.97 million, with a growth rate of 6.92%, showing a modest increase in sales.
InvestingPro Tips:
1. PetMed Express holds more cash than debt on its balance sheet, which is a positive sign of financial stability and may provide the new CEO with a solid foundation to implement growth strategies.
2. The company has been consistent in maintaining dividend payments for 15 consecutive years, which could be a reassuring factor for income-focused investors during a period of executive change.
Investors and analysts may want to consider these financial metrics and InvestingPro Tips in the context of the company's new leadership. With a total of 13 additional InvestingPro Tips available, including insights such as the company's trading at a low revenue valuation multiple and expectations around net income, there is a wealth of information for a more comprehensive analysis. To explore these further, check out https://www.investing.com/pro/PETS and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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