PetIQ, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 09, 2023 at 04:05 pm
Share
PetIQ, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 290.47 million compared to USD 275.7 million a year ago. Net income was USD 9.7 million compared to USD 3.13 million a year ago.
Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.11 a year ago.
PetIQ, Inc. is a pet medication and wellness company, which provides veterinary products and services. The Company operates through two segments: Products and Services. Products segment manufactures and distributes pet medication and health and wellness products to major United States retail and e-commerce channels through more than 60,000 points of distribution. It is focused its offerings on value-branded products, and third-party branded products for dogs and cats, including pet Rx medications, OTC medications, and wellness products. Services segment provides a comprehensive suite of services at approximately 2,600 community clinic locations and wellness centers hosted at retailers across 39 states. The segmentâs services include diagnostic tests, vaccinations, prescription medications, microchipping, grooming and hygiene and wellness checks. The Rx pet medications products include flea and tick control, heartworm preventatives, arthritis, thyroid, and other specialty medications.
PETIQ, INC. 
