PetIQ (PETQ) reported earnings on Mon 11 March 19 (a/h)

** charts before earnings **

 

** charts after earnings **

** 2 weeks later **

PetIQ reports Q4 (Dec) results, beats on revs; guides FY19 revs in-line

• Reports Q4 (Dec) loss of $0.16 per share, may not be comparable to the S&P Capital IQ Consensus of ($0.04); revenues rose 113.9% year/year to $111 mln vs the $98.72 mln S&P Capital IQ Consensus.
  • Adjusted EBITDA of $6.5 million compared to $3.6 million, an increase of 82%.
• Co issues in-line guidance for FY19, sees FY19 revs of At least $600 mln vs. $602.19 mln S&P Capital IQ Consensus.
  • Adjusted EBITDA of at least $51 million, an increase greater than 23% from growth of 86% in 2018;
  • The opening of at least 80 veterinarian wellness clinics
• 2023 Outlook
  • Net sales of approximately $1.0 billion;
  • Adjusted EBITDA margin of greater than 15%;
  • Wellness center locations of 1,000.