PetMed Express, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2018. For the quarter, the company reported sales of $71,396,000 compared with $66,711,000 for the same period a year ago. Income from operations was $13,203,000 compared with $12,248,000 for the same period a year ago. Income before provision for income taxes was $13,886,000 compared with $12,640,000 for the same period a year ago. Net income was $10,752,000 compared with $8,760,000 for the same period a year ago. Net income per diluted share was $0.52 compared with $0.43 for the same period a year ago.

For the six months, the company reported sales of $158,786,000 compared with $146,368,000 for the same period a year ago. Income from operations was $28,960,000 compared with $26,664,000 for the same period a year ago. Income before provision for income taxes was $30,339,000 compared with $27,380,000 for the same period a year ago. Net income was $23,334,000 compared with $18,036,000 for the same period a year ago. Net income per diluted share was $1.14 compared with $0.89 for the same period a year ago. Net cash provided by operating activities was $20,402,000 compared with $18,303,000 for the same period a year ago. Purchases of property and equipment were $450,000 compared to $350,000 a year ago.

The company expect effective tax rate in fiscal 2019 to be approximately 24%.