PetIQ (PETQ) reported earnings on Wed 9 Nov 22 (a/h)

 ** charts after earnings ** 

 

 

 

 

PetIQ beats by $0.09, beats on revs; reaffirms FY22 revs guidance

• Reports Q3 (Sep) earnings of $0.15 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.06; revenues fell 0.4% year/year to $209.73 mln vs the $204.33 mln S&P Capital IQ Consensus.
• Co reaffirms guidance for FY22, sees FY22 revs of $920-$940 mln vs. $926.62 mln S&P Capital IQ Consensus.
  • Adjusted EBITDA of $93 million to $95 million, an increase of $1.0 million from the adjusted EBITDA guidance previously provided on August 8, 2022. Based on this guidance and solely comparative purposes, the Company expects adjusted EBITDA to increase approximately 3.2% compared to 2021 based on the mid-point of the guidance and excluding $1.8 million of adjusted EBITDA in the prior year related to the loss of distribution rights.