Upgrade to SI Premium - Free Trial

PetIQ, Inc. (PETQ) Misses Q2 EPS by 22c, Revenues Beat; Offers FY18 Revenue Outlook Above Consensus

August 14, 2018 4:08 PM

PetIQ, Inc. (NASDAQ: PETQ) reported Q2 EPS of $0.16, $0.22 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $171 million versus the consensus estimate of $148.44 million.

Cord Christensen, PetIQ’s Chairman and Chief Executive Officer commented, “Our strong, broad-based growth continued during the second quarter resulting in record net sales. Our team expanded PetIQ’s pet preventative and wellness veterinarian products and services offerings to further our mission to make pets’ lives better with more affordable and accessible veterinarian services and products. We are very pleased with the progress of our “Follow the Pets” growth initiatives including the opening of 17 wellness center locations in the second quarter, with all 20 VetIQ wellness centers completed. Based on these strong operational and financial results as well as our outlook for the remainder of the year, we are raising our annual net sales guidance to $500 million. We believe our category leadership, broad product portfolio, compelling service offerings, value proposition and strong customer relationships will continue to fuel our future growth and value for our shareholders.”

GUIDANCE:

PetIQ, Inc. sees FY2018 revenue of $500 million, versus the consensus of $481.45 million.

For earnings history and earnings-related data on PetIQ, Inc. (PETQ) click here.

Categories

Earnings Guidance Hot Guidance Management Comments

Next Articles