How much of PetMed Express’ revenue comes from haram?
PetMed Express operates as an online pet pharmacy offering prescription and non-prescription pet medications, and other health products for dogs, cats, and horses.
The company operates through the following segments:
Non-Prescription Medications and supplies:
Includes flea and tick control products, bone and joint care products, vitamins, treats, nutritional supplements, hygiene products, and supplies.
Prescription Medications:
Includes heartworm, flea, and tick preventatives, arthritis, dermatitis, thyroid, diabetes, pain medications, heart/blood pressure, and other specialty medications, as well as generic substitutes.
Practical Islamic Finance concludes:
None of PetMed’s revenue comes from anything inherently haram.
Does PetMed Express rely on interest to operate?
|
Most Recent Quarter ended 3/31/2022 |
Fiscal year ended 3/31/2022 |
Fiscal year ended 3/31/2021 |
|
|---|---|---|---|
| Interest Expense | $ | $ | $ |
| Total Operating Expenses | $58,945 | $247,707 | $271,628 |
| Interest Expense / Total Operating Expenses |
0.00% | 0.00% | 0.00% |
Practical Islamic Finance concludes:
PetMed Express, Inc. most recent quarter indicates no reliance on Riba in its operations.
What is PetMed Express’ Environmental, Social, and Governance (ESG) impact?
Environment
No notable environmental highlights.
Social
PetMed has a Glassdoor rating of 2.9 out of 5.0 from 17 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.
Governance
No notable governance highlights.
Practical Islamic Finance concludes:
While PetMeds’ employee reviews need improvement, it is in a business that is fundamentally good. In light of the positive impact its products have in the lives of its customers and their pets, we think it has a net positive ESG impact.
Comfort Rating
From PetMed Express’ business, financial, and ESG reviews, Practical Islamic Finance rates PetMed Express stock as:
