While animal healthcare specialist PetMed Express (NASDAQ: PETS) advertises itself as "your trusted pet expert," the stock market wasn't trusting it as a solid investment this week. According to data compiled by S&P Global Market Intelligence, the company's shares fell by 13% for the week, largely due to its lackluster quarterly results. In the third quarter of its fiscal 2023, PetMed Express booked $58.9 million in net sales, a slight drop from the $60.7 million it made in the same quarter of the previous fiscal year.
Yahoo Finance Live’s Jared Blikre checks out several stocks trending in the after-hours trading session.
According to data from Infiniti Research, e-commerce is still expected to grow at a 27% compound annual growth rate (CAGR) through 2027 globally. In fact, 66% of Williams-Sonoma's sales come from e-commerce, and it has grown e-commerce sales at an impressive 9.7% CAGR over the past 20 years. With Williams-Sonoma's large online presence and extensive scale, it should benefit as e-commerce penetration in the sector grows.