Tdh Holdings Inc Up 6.19% To $1.03 After Earnings

Wednesday, April 26, 2023 - Tdh Holdings Inc (PETZ) reported upside earnings and revenues today.

Tdh Holdings Inc reported EPS of $0.10. Profits rose 105% year-over-year after reporting an EPS loss of $2.00 per share in its year-ago quarter. The positive growth rate signals that the Consumer Defensive company is performing well amid recent economic conditions.

Revenues were upbeat at $3.1 million. That revenue figure is an increase of 184.31% from the year ago quarter.

The stock is up 6.19% to $1.03 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 9.

TDH Holdings Inc is engaged in producing pet food for pet owners in China and other regions. The products of the company include dry food, wet food and treats for both dogs and cats as well as includes dry meat treats, pet biscuits, canned food and other products such as non-food items like dog leashes and pet toys under multiple brands in various geographical markets. The company's line of products includes Pet chews, Dried pet snacks, Wet canned pet foods, Dental health snack foods and Baked pet biscuits. It markets and sells its products under various brand names such as Pet Cuisine, Hum and Cheer, Like, TDH, Tiandihui, Dog Zone Sasami and others. The company operates through the business of manufacturing and selling pet food and restaurant operations.