PetIQ, Inc. (PETQ) Q1 Revenues Beat

PetIQ, Inc. (NASDAQ: PETQ) reported Q1 EPS of $0.08, which does not compare to the analyst estimate of $0.14. Revenue for the quarter came in at $254.3 million versus the consensus estimate of $210.19 million.

Cord Christensen, PetIQ’s Chairman & CEO commented, “Our record start to the year demonstrates the strength and momentum across our pet health and wellness business. The first quarter financial results reflect continued robust growth from both our manufactured and distributed pet products across all sales channels and we experienced an important inflection point in our Services business as the headwinds from the pandemic have started to abate. We remain excited about the future trajectory of our diversified business model and are well positioned to continue to benefit from the favorable pet health and wellness industry tailwinds. Going forward, we will continue to execute on our strategic growth objects and believe PetIQ's mission of delivering smarter options for pet parents to help enrich their pets’ lives through convenient and affordable access to veterinarian products and services has never been stronger.”

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

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