PetIQ, Inc. Reports Record Third Quarter 2019 Financial Results
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PetIQ, Inc. (PETQ) Misses Q3 EPS by 61c, Revenues Beat; Offers FY19 Revenue Guidance Below Consensus, FY20 Revenue Outlook Above Consensus
November 7, 2019 4:50 PM ESTPetIQ, Inc. (NASDAQ: PETQ) reported Q3 EPS of ($0.26), $0.61 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $186 million versus the consensus estimate of $173.25 million.
Third Quarter 2019 Highlights Compared to Prior Year Period
Record third quarter net sales of $186.0 million, an increase of 42%; excluding contribution from Perrigo Animal Health, net sales increased 29%Net loss of $8.8 million, compared to net income of $3.9 million, including $12.0 million of non-recurring acquisition and integration related costs in the current period and $0.2 million in the prior year periodAdjusted net income $9.3 million compared to $8.2 million,... More