Petmed Express Inc (PETS): Why You Should Care About Pet Medications

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The more diversified pet retailer, PetSmart, Inc. (NASDAQ:PETM), will additionally benefit from the previously mentioned tailwinds. The company has underperformed the broader markets this year, up 4.7%, yet the company has done exceptionally well over the last five years:

Trading at 18 times forward earnings, the company doesn’t look too expensive, considering analysts estimated 15% growth next year.

Wrapping up
Petmed Express Inc (NASDAQ:PETS) reported a great quarter as a result of successful advertising campaigns in combination with numerous tailwinds. I expect the entire pets space to benefit in the years ahead as the population of pets returns to normal levels and as the number of generic pet medications rise, improving profit margins.

Nathaniel Matherson has no position in any stocks mentioned. The Motley Fool recommends Amazon.com and PetSmart. The Motley Fool owns shares of Amazon.com.

The article Why You Should Care About Pet Medications originally appeared on Fool.com.

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