What's Behind PetMed Express' Q1 Earnings Miss

It's been a great year for PetMed Express (NASDAQ: PETS) so far. Shares of the pet pharmacy soared 72% heading into this week. But 2020 isn't going nearly as well for the company now.

PetMed Express announced the results for its fiscal 2021 first quarter, which ended on June 30, 2020, before the market opened on Monday. Shares plunged during the morning hours because of concerns about those results. Here are the highlights from PetMed's Q1 update.

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Source Fool.com