PetMed Express: Vetster Partnership A Growth Mega Booster

Nov. 30, 2022 7:38 PM ETPetMed Express, Inc. (PETS)CHWY, PET, WOOF
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Khaveen Investments
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Summary

  • We believe PetMed Express, Inc.'s partnership with Vetster could contribute an extra 0.30 mln customers yearly to PetMed, representing a growth rate of 15%.
  • The partnership provides additional products and services to PetMed, which we believe could increase the x4LTV of PetMed customers or attract new ones.
  • We believe that as Vetster grows, it could capture an estimated market share of 16.65% in 2026 and drive PetMed’s customer and revenue growth.

Vets examining a dog.

gilaxia/E+ via Getty Images

Earlier in the year, PetMed Express, Inc. (NASDAQ:PETS) announced its partnership with Vetster. We analyzed the potential impact of the partnership on PetMed by looking into how unique this partnership in the

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Khaveen Investments is a Global Macro Quantamental Hedge Fund managing a tactical asset-allocated portfolio of globally diversified investments. We have interests in 100+ investments across multiple asset classes, countries, sectors and industries. Our investment approach takes both a top-down and bottom-up approach encompassing macro-economic, fundamental, quantitative and technical analysis. We serve accredited investors throughout the globe, which include HNW individuals, SMEs, associations, and institutions. Our investment managers have decades of investment experience between them, with research expertise in emerging technologies such as Artificial Intelligence, Cloud Computing, 5G, Autonomous & ElectricVehicles, FinTech, Augmented & Virtual Reality and the Internet of Things.www.khaveen.com

Disclosure: I/we have a beneficial long position in the shares of PETS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: No information in this publication is intended as investment, tax, accounting, or legal advice, or as an offer/solicitation to sell or buy. Material provided in this publication is for educational purposes only and was prepared from sources and data believed to be reliable, but we do not guarantee its accuracy or completeness.

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