PetMed Express, Inc. (NASDAQ:PETS) Q3 2019 Earnings Conference Call - Final Transcript
Oct 21, 2019 • 08:30 am ET
quarter, we spent $4.8 million in advertising, compared to $5.3 million for the same quarter the prior year, a decrease of 10%. The decrease was due to the elimination of television advertising in the quarter.
For the six months, we spent $13.4 million in advertising, compared to $12 million for the six months a year ago, an increase of 11%. The increase for the six months was related to the re-addition of television advertising in the June quarter. The advertising cost of acquiring a customer was approximately $49 for the quarter, compared to $45 for the same quarter of the prior year; and for the six months, it was $56, compared to $42 for the six months last year. The increases were due to increases in advertising costs, due to the more competitive environment.
We had $94.9 million in cash and cash equivalents and $19.1 million in inventory, with no debt as of September 30, 2019. Net cash from operations for the six months was $17.3 million, compared to $20.4 million for the same period last year.
This ends the financial review. Operator, we are ready to take questions.