PetIQ (PETQ) reported earnings on Tue 14 Aug 2018 (a/h)

** charts before earnings **

 

** charts after earnings *

 

PetIQ beats by $0.28, beats on revs; guides FY18 revs above consensus

• Reports Q2 (Jun) earnings of $0.66 per share, $0.28 better than the Capital IQ Consensus of $0.38; revenues rose 96.2% year/year to $171.1 mln vs the $148.48 mln Capital IQ Consensus.
• Adjusted gross profit was $28.1 million and adjusted gross margin was 16.4% for 2Q18.
• PETQ opened 17 wellness centers and three regional offices during the quarter, for a total of 29 wellness centers and 34 regional offices in operation as of quarter-end with all 20 VetIQ wellness centers currently open.
• Co issues upside guidancefor FY18, sees FY18 revs of $500.0 mln vs. $481.45 mln Capital IQ Consensus Estimate. Co reaffirms Adj EBITDA guidance of $40-$45 mln.