<SEC-DOCUMENT>0001553350-17-000521.txt : 20170510
<SEC-HEADER>0001553350-17-000521.hdr.sgml : 20170510
<ACCEPTANCE-DATETIME>20170510120052
ACCESSION NUMBER:		0001553350-17-000521
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170508
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170510
DATE AS OF CHANGE:		20170510

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PETMED EXPRESS INC
		CENTRAL INDEX KEY:			0001040130
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DRUG STORES AND PROPRIETARY STORES [5912]
		IRS NUMBER:				650680967
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28827
		FILM NUMBER:		17829194

	BUSINESS ADDRESS:	
		STREET 1:		420 SOUTH CONGRESS AVENUE
		CITY:			DELRAY BEACH
		STATE:			FL
		ZIP:			33445
		BUSINESS PHONE:		(561) 426-4444

	MAIL ADDRESS:	
		STREET 1:		420 SOUTH CONGRESS AVENUE
		CITY:			DELRAY BEACH
		STATE:			FL
		ZIP:			33445
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>pets_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Current Report</TITLE>
<META NAME="author" CONTENT="EDGAR FILING LLC">
<META NAME="date" CONTENT="04/28/2014">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<A NAME="eolPage1"></A><P style="margin:0px">&nbsp;<A NAME="FIS_TOP_OF_DOCUMENT"></A>&nbsp;<A NAME="B416715_8K_HTM"></A>&nbsp;<A NAME="FIS_FORM"></A>&nbsp;<A NAME="FIS_UNIDENTIFIED_TABLE"></A></P>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial; font-size:13.5pt" align=center><B>FORM 8-K</B></P>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial" align=center><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial" align=center>Date of report (Date of earliest event reported): May 8, 2017</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=153.6 /><TD width=153.6 /><TD width=153.6 /><TD width=153.6 /><TD width=153.6 /></TR>
<TR><TD style="margin-top:0px" valign=top width=768 colspan=5><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>PetMed Express, Inc.<BR>
</U></B> (Exact name of registrant as specified in its charter)</P>
<P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>Florida</U></B></P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>000-28827</U></B></P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>65-0680967</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(State or other jurisdiction<BR>
of incorporation)</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Commission<BR>
File Number)</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(I.R.S. Employer<BR>
Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=768 /></TR>
<TR><TD style="margin-top:0px" valign=top width=768><P style="margin:0px; font-family:Arial,Times New Roman" align=center><B><U>420 South Congress Avenue, Delray Beach Florida 33445</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center>(Address of principal executive offices) (Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=751.4 /><TD width=16.6 /></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=751.4><P style="margin:0px; font-family:Arial,Times New Roman" align=center><B><U>(561) 526-4444</U></B></P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16.6><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=751.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center>(Registrant&#146;s telephone number, including area code)</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16.6><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=768 /></TR>
<TR><TD style="margin-top:0px" valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center><B><U>Not Applicable</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center>(Former name or former address, if changed since last report)</P>
</TD></TR>
</TABLE>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial,Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.267 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-family:Wingdings; font-size:12pt">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-family:Wingdings; font-size:12pt">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-family:Wingdings; font-size:12pt">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-family:Wingdings; font-size:12pt">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</P>
<P style="line-height:6pt; margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=319.067 /><TD width=319.333 /></TR>
<TR><TD style="margin-top:0px" valign=top width=319.067><P style="margin:0px; font-family:Arial,Times New Roman" align=justify>Emerging growth company &nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
</TD><TD style="margin-top:0px" valign=top width=319.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman">If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="eolPage2"></A><A NAME="FIS_OTHER_EVENTS"></A><P style="margin:0px"><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="line-height:0.05pt; margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial"><B>Item 8.01&nbsp;&nbsp;&nbsp;Other Events.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:24px; font-family:Arial" align=justify>On May 8, 2017, PetMed Express, Inc. discussed its financial results for the quarter and year ended March 31, 2017. &nbsp;A copy of this conference call transcript is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</P>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial"><B>Item 9.01&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</B></P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=77.733 /><TD width=24.2 /><TD width=666.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=77.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.2><P style="margin:0px; padding-right:1.067px; font-family:Arial">(d)</P>
</TD><TD style="margin-top:0px" valign=top width=666.067><P style="margin:0px; padding-right:1.067px; font-family:Arial">Exhibits.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=77.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.2><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=666.067><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=77.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.2><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=666.067><P style="margin:0px; padding-right:1.067px; font-family:Arial">99.1 &#150; Conference call transcript by PetMed Express, Inc. on May 8, 2017.</P>
</TD><A NAME="FIS_EXHIBIT_INDEX"></A></TR>
</TABLE>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial,Times New Roman" align=center><B>EXHIBIT INDEX</B></P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=80.8 /><TD width=17.133 /><TD width=652.933 /><TD width=17.133 /></TR>
<TR><TD style="margin-top:0px" valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman"><U>Exhibit No.</U></P>
</TD><TD style="margin-top:0px" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman"><U>Description</U></P>
</TD><TD style="margin-top:0px" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman; color:#0000FF"><A HREF="pets_ex99z1.htm"><U>99.1</U></A><FONT style="color:#000000"></FONT></P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Conference call transcript by PetMed Express, Inc. on May 8, 2017.</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><A NAME="FIS_SIGNATURES"></A></TR>
</TABLE>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial,Times New Roman" align=center><B>SIGNATURES</B></P>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial,Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin-top:15px; margin-bottom:0px; font-family:Arial,Times New Roman">Dated: May 10, 2017</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=46.4 /><TD width=338.2 /></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=384.6 colspan=2><P style="margin:0px; padding-right:2.4px; font-family:Arial,Times New Roman">PETMED EXPRESS, INC.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=338.2><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">By:</P>
</TD><TD style="margin-top:0px" valign=top width=338.2><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman"><U>/s/ Bruce S. Rosenbloom</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Name:</P>
</TD><TD style="margin-top:0px" valign=top width=338.2><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Bruce S. Rosenbloom</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Title:</P>
</TD><TD style="margin-top:0px" valign=top width=338.2><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Chief Financial Officer</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=338.2><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px" align=center><BR></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman" align=center>2</P>
<P style="margin-top:12.533px; margin-bottom:0px" align=center><BR></P>
<P style="margin-top:12.533px; margin-bottom:0px" align=center><BR></P>
<P style="margin-top:12.533px; margin-bottom:0px" align=center><BR></P>
<P style="margin-top:12.533px; margin-bottom:0px" align=center><BR>
<BR></P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>pets_ex99z1.htm
<DESCRIPTION>CONFERENCE CALL TRANSCRIPT
<TEXT>
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<TITLE>CONFERENCE CALL TRANSCRIPT</TITLE>
<META NAME="date" CONTENT="05/10/2017">
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<P style="margin:0px; font-size:12pt">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>PETMED EXPRESS, INC.</B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>QUARTER AND FISCAL YEAR ENDED MARCH 31, 2017</B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>CONFERENCE CALL TRANSCRIPT</B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>MAY 8, 2017 AT 8:30 A.M. ET</B></P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Coordinator:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Thank you everyone and welcome to the PetMed Express, Inc. doing business as 1-800-PetMeds conference call to review the financial results for the fourth fiscal quarter and fiscal year ending March 31, 2017. &nbsp;At the request of the Company, this conference call is being recorded. &nbsp;Founded in 1996, 1-800-PetMeds is America&#146;s largest pet pharmacy, delivering prescription and non-prescription pet medications and other health products for dogs and cats direct to the consumers. 1-800-PetMeds markets its products through national advertising campaigns, which direct consumers to order by phone or on the Internet, and aim to increase the recognition of the PedMed&#146;s family of brand names. 1-800-PetMeds provides an attractive alternative for obtaining pet medications in terms of convenience, price, ease of ordering, and rapid home delivery. &nbsp;At this time, I&#146;d like to turn it over the call over to the Company&#146;s Chief Financial Officer, Mr. Bruce Rosenbloom. &nbsp;Bruce, you may begin.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Bruce Rosenbloom:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Thank you. I would like welcome everybody here today. Before I turn the call over to Mendo Akdag, our President and Chief Executive Officer, I would like to remind everyone that the first portion of this conference call will be listen only until the question and answer session, which will be later in the call. &nbsp;Also, certain information that will included in this press conference may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or the Securities and Exchange Commission that may involve a number of risks and uncertainties. These statements are based on our beliefs, as well assumptions we have used based upon information currently available to us. Because these statements reflect our current views concerning future events, these statements involve risks, uncertainties, and assumptions. Actual future results may vary significantly based on a number of factors that may cause the actual results or events to be materially different from future results, performance, or achievements expressed or implied by these statements. We have identified various risk factors associated with our operations in our most recent annual report and other filings with the Securities and Exchange Commission. &nbsp;Now, let me introduce today&#146;s speaker, Mendo Akdag, President and Chief Executive Officer of 1-800-PetMeds, Mendo.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Thank you, Bruce. Welcome and thank you for joining us. Today, we will review the highlights of our financial results. We&#146;ll compare our fourth fiscal quarter and fiscal year ended on March 31st, 2017 to last year&#146;s quarter and fiscal year ended on March 31st, 2016.</P>
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<P style="margin:0px; padding-left:144px; font-family:Arial,Times New Roman" align=justify>For the fourth fiscal quarter ended March 31st, 2017, our sales were $63.0 million compared to sales of $55.4 million for the same period the prior year, an increase of 14%. For the fiscal year ended on March 31st, 2017, sales were $249.2 million compared to $234.7 million for the prior fiscal year, an increase 6.2%. The increases in sales for the quarter and the fiscal year were due to increases in new order and reorder sales. The average order value was approximately $86 for the quarter compared to $83 for the same quarter the prior year.</P>
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<P style="margin:0px; padding-left:144px; font-family:Arial,Times New Roman" align=justify>For the fourth fiscal quarter, net income was $7.5 million or $0.37 diluted per share compared to $5.4 million or $0.27 diluted per share for the same quarter the prior year, an increase to net income of 38%. For the fiscal year, net income was $23.8 million or $1.17 diluted per share compared to $20.6 million or $1.02 diluted per share a year ago, an increase to net income of 16%. The accelerated increase in net income for the quarter was mainly due to increases in gross profit margins, as a result of sales shifting to higher margin items. </P>
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<P style="margin:0px; padding-left:144px; font-family:Arial,Times New Roman" align=justify>New order sales increased by 17% to $10.9 million for the quarter compared to $9.4 million for the same period the prior year. For the fiscal year, new order sales increased by 10% to $42.9 million compared to $39.1 million for the prior year. Reorder sales increased by 13% to $52.1 million for the quarter compared to reorder sales of $46.0 million for the same quarter the prior year. For the fiscal year, reorder sales increased by 5.5% to $206.3 million compared to $195.6 million for the prior year.</P>
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<P style="margin:0px; padding-left:144px; font-family:Arial,Times New Roman" align=justify>We acquired approximately 126,000 new customers in our fourth fiscal quarter compared to 116,000 for the same period the prior year, and we acquired approximately 514,000 new customers in the fiscal year compared to 489,000 for the prior year. For the quarter, approximately 83% of our sales were generated on our website, compared to 82% for the same period the prior year. The seasonality in our business is due to the proportion of flea, tick, and heartworm medications in our product mix. Spring and summer are considered peak season with fall and winter being the off-season. </P>
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<P style="margin:0px; padding-left:144px; font-family:Arial,Times New Roman" align=justify>For the fourth fiscal quarter, our gross profit as a percent of sales was 35.1% compared to 31.9% for the same period a year ago. For the fiscal year, our gross profit as a percent of sales was 31.8% compared to 32.5% for the prior year. The percentage increase for the quarter can mainly be attributed to a shift in sales to a higher margin items, and the percentage decrease for the year can be mainly be attributed to additional discounts given to customers to increase sales. </P>
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<P style="margin:0px; padding-left:144px; font-family:Arial,Times New Roman" align=justify>Our general and administrative expenses as a percent of sales was 8.9% for the quarter compared to 9.3% for the same quarter the prior year, and for the fiscal year, it was relatively flat at 9.2% compared to 9.1% for the prior year. For the quarter, we will able to leverage the G&amp;A with increased sales. </P>
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<P style="margin:0px; padding-left:144px; font-family:Arial,Times New Roman" align=justify>For the quarter, we spent $4.4 million in advertising compared to $3.7 million for the same quarter the prior year, an increase of 17%. For the fiscal year, our spending was $17.7 million for advertising compared to $21.8 million for the prior fiscal year, a decrease of 19%. The decrease for the year was due to our discontinuing advertising that was not cost effective. Advertising costs of acquiring a customer for the quarter was approximately $35.00 compared to $32.00 for the same quarter the prior year, and for the fiscal year, it was $34.00 compared to $45.00 for the prior fiscal year.</P>
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<P style="margin:0px; padding-left:144px; font-family:Arial,Times New Roman" align=justify>We had $58.7 million in cash and cash equivalents and $20.2 million in inventory with no debt as of March 31st, 2017. Net cash from operations for the fiscal year was $47.2 million compared to $21.1 million for the prior fiscal year. The majority of the increase was due to an increase in accounts payable and a reduction in inventory, in addition to an increase in net income. Capital expenditures were $10.6 million for the fiscal year, updating our infrastructure in our new facility.</P>
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<P style="margin:0px; padding-left:144px; font-family:Arial,Times New Roman" align=justify>This ends the financial review. Operator, we are ready to take questions.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Coordinator:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Thank you. We will now begin the question and answer session of today&#146;s question. &nbsp;If you would like to ask a question, please press star followed by the number 1 on your phone, and mute your phone and record your name. To cancel the question, press star followed by the number 2. We have a couple of questions on queue. Yes? And the first question is coming from Kevin Ellich. Your line is now open.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Kevin Ellich:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Good morning, Mendo. Thanks for taking the questions. I have a few for you, starting with gross margin. You called out product mixed shift. Can you give us a little bit more color in terms what you&#146;re seeing? Are you guys selling more of the oral flea and tick products? Can you give us any specifics behind, I guess, any of that shift?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>All I&#146;m going to say is there&#146;s shift to new generation medications.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Kevin Ellich:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Okay. That&#146;s fine. And then, customer acquisition cost did increase about 8% as you called out. You know, what drove that increase? Is it really, you know, I know you guys are shifting to more online advertising versus TV. But, you know, what drove that increase and how should we think about that going forward? And I have one follow up.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>In the quarter, we spent about 17% more in advertising. So, when you spend more, usually it&#146;s going to be less cost effective. So, the cost typically increases.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Kevin Ellich:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>But there were, just to be clear, there was no shift back to TV or anything like that?</P>
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<P style="margin:0px; font-family:Arial,Times New Roman" align=center>Exhibit 99.1 Page 2 of 4</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>No.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Kevin Ellich:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Okay. Great. And then competitive landscape views, just wondering, you know, what&#146;s going on? What your view is given, you know, Amazon announced they&#146;re shutting down Quidsi which has Wag.com and then Chewy got acquired by PetSmart. So, what&#146;s your big picture for the business and the industry?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Well, as far as M&amp;A are concerned, it depends on what they do differently, if anything. So, it remains to be seen. The competition was fairly similar in the March quarter to what we experienced same period last year, and as I pointed out, there&#146;s the shift to new generation medications.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Kevin Ellich:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Okay. Thank you.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>You&#146;re welcome.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Coordinator:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Thank you. The next question is coming from Erin Wright from Credit Suisse. Erin, you line is now open.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Hong:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Hi, this is actually Hong for Erin. &nbsp;Thank you for taking our questions and just a couple from us. &nbsp;Can you talk about sort of what drove the uptick in new customers this quarter? Was it the new advertising initiative or better attraction on existing advertising? Do you think it&#146;s correlated to underlying demand trends and sort of broader pet ownership? And should this be the run rate that we think about going forward?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>We spent in more in advertising, about 17% more and the weather was probably warmer - and it might have played a role. West coast was colder, but the rest of the country was warmer compared to the same quarter last year.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Hong:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Okay. Great. Thank you. And how much of your prescription business is generics? And do you sort of think they play a meaningful role?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>We do not disclose that. </P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Hong:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Okay. Great. Thanks for taking our questions.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>You&#146;re welcome.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Coordinator:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Thank you. The next question is coming from Anthony Lebiedzinski from Sidoti and Company. Anthony, your line is now open.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Anthony Lebiedzinski:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Thank you. Good morning. Just a couple of questions and yes, thank you for taking the questions. So, first, I just wanted to get, a little bit more, as far as reasons for the average order value increase?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>It&#146;s higher priced items. The sales shifted to higher priced items.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Anthony Lebiedzinski:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Okay, and as far as the, you know, looking at the gross margin increase and then you called out in the script, Mendo, obviously, for the quarter higher margin items. You know, (unintelligible), however, if I look at the 1st quarter through the 3rd quarter. You know, you did have pressure on the gross margin due to additional discounts. So, kind of going forward, how we should think about, you know, the gross margin? Is this trend toward higher margin items sustainable? Or, is this more of a kind of one off quarter? And then how are you thinking about discounting on a go forward basis?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Going forward, it&#146;s going to depend on the sales product mix and how the competition behaves price wise. So, it&#146;s difficult to say.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Anthony Lebiedzinski:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Right. Right. And, in the past, you know, typically you&#146;ve seen lower margins in your summer quarters because of the flea and tick season. Is that something that you still anticipate?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>That trend should continue. Yes, we do anticipate that.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Anthony Lebiedzinski:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Okay. Great. And lastly, just as a quick balance sheet question. So, you called out the increase in the accounts payable. You know, it was quite a bit higher versus a year ago. Was this just a timing issue or was there anything else there that we should know about?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>I would say just the timing issue. &nbsp;You have anything else to add, Bruce?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Bruce: </P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>No.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Yes, just a timing issue.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Anthony Lebiedzinski:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Okay. All right. Thank you.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>You&#146;re welcome.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Coordinator:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Thank you, Anthony. As a reminder to the participants if you&#146;d like to ask a question, press Star, 1, and record your name. Our next question on queue is coming from Kevin Ellich. Kevin, your line is now open.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Kevin Ellich:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Hey, you guys have answered a lot of the questions. But just one on cash flow, particularly a very strong cash flow quarter for you guys. Could you prioritize your, the uses, are you going to pay down any debt? And then, Bruce, could you put any goal posts around expectations for free cash flow this year and capex?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>As you know, you know we&#146;re paying dividends, so it&#146;s $.20 for this quarter now. We have a stock buyback plan, which we haven&#146;t used in a while. We have, our capex will, it was going to be in a maintenance mode. It will probably be just to give you a rough idea, half million to $1.0 million range for this fiscal year.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Kevin Ellich:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Is that quarterly or for the full year, Mendo?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>For the full year.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Kevin Ellich:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>For the full year, got you. And then lastly, do you have any target, you know, objective for advertising spend for the year?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>We are anticipating that we&#146;re going to spent more money on advertising compared to the last fiscal year, with a caveat that it will depend on return on investment.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Kevin Ellich:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Can you tell us what the benchmark or hurdle is that you&#146;re looking for that return?</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>No, I&#146;m not going to comment on that.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Kevin Ellich:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Great. Thank you.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>You&#146;re welcome.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Coordinator:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>We show no further questions on queue. I&#146;ll the turn the call over again to Mendo.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Mendo Akdag:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>Thank you. In fiscal 2018, we are focusing on continuing to increase sales and improve our service levels. This wraps up today&#146;s conference call. Thank you for joining us. &nbsp;Operator, this ends the conference call.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Arial,Times New Roman; float:left">Coordinator:</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-family:Arial,Times New Roman" align=justify>That concludes today&#146;s conference. Thank you for your participation. You may disconnect at this time.</P>
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<P style="margin:0px; font-family:Arial,Times New Roman" align=center>Exhibit 99.1 Page 4 of 4</P>
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