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%
*Numbers in thousands, U.S. dollars

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:

Comfortable to invest in from a Halal perspective.

Sources

1800PetMeds Reviews

PetMed Q1 2021 10-Q

PetMed 2021 10-K