Independent Pet Partners posts $16,088 operating loss for May

By Sarah Lizee

Olympia, Wash., June 13 – Independent Pet Partners Holdings, LLC reported a $16,088 operating loss on $7,297 of net revenues for May, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company reported a $164,038 operating income on $2.44 million of net revenues for April.

The net loss for May was $3.75 million, compared to a net income of $1,078 for April.

The cash balance at the end of May was $5.5 million, down from $10.19 million at the end of April.

The multichain pet care business has headquarters in Woodbury, Minn. The company filed bankruptcy on Feb. 5 under Chapter 11 case number 23-10153.

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