PetMed Express Restates Financials After PetCareRx Purchase Accounting Error

Reuters12-10

<a href="https://laohu8.com/S/PETS">PetMed Express</a> Restates Financials After PetCareRx Purchase Accounting Error

PetMed Express Inc. has disclosed a material error in the purchase accounting for its acquisition of PetCareRx, specifically related to the valuation of deferred tax assets and goodwill. This error led to the restatement of the company's unaudited condensed consolidated financial statements for the quarters ended June 30, 2023, and September 30, 2023. The company is currently finalizing its financial statements and does not anticipate delays in the filing of its Form 10-Qs for the first and second quarters of fiscal year 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PetMed Express Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001040130-25-000097), on December 09, 2025, and is solely responsible for the information contained therein.

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