PetIQ, Inc. Provides Update on Wellness Center Openings
January 13 2020 - 8:01AM
PetIQ, Inc. (“PetIQ” or the “Company”) (Nasdaq: PETQ), a leading
pet medication and wellness company, provided an update on its 2019
wellness center openings and reaffirmed its 2019 guidance ahead of
a conference presentation today. In December, the Company
opened 20 new wellness centers for a total of 80 wellness centers
across 22 states and 5 host retail partners in 2019.
“We are pleased with our 2019 class of wellness
center openings, which met our timeline and budget,” commented
Susan Sholtis, PetIQ’s President. “Our stringent operating
criteria, which was put in place last year, ensures alignment with
our retail host partners and leverages our collective knowledge of
each location’s customer base from our network of community clinics
and surrounding demographic profile.” Cord Christensen, Chairman
& CEO added, “2019 was a transformative year for PetIQ with the
buildout of our service platform as well as our product
manufacturing capabilities. We are reaffirming our 2019
guidance and look forward to communicating our 2020 growth
objectives for both our operating segments during our fourth
quarter earnings release.”
For additional information on upcoming wellness center openings,
please visit: https://petiq.com/locations/
A detailed list of community clinic locations
can be found here: https://www.vippetcare.com/find-a-clinic/
Webcasted Presentation at the ICR
Conference Today, January 13, at 11am Eastern
Cord Christensen, Chairman and CEO, and Susan
Sholtis, President, will participate in the 2020 ICR Conference in
Orlando, FL.
The presentation will be held on Monday, January 13, 2020 at
11:00 a.m. ET and can be accessed live over the Internet hosted at
the “Investors” section of the Company's website
at www.PetIQ.com.
About PetIQ
PetIQ is a leading pet medication and wellness
company delivering a smarter way for pet parents to help their pets
live their best lives through convenient access to affordable
veterinary products and services. The company engages with
customers through more than 60,000 points of distribution across
retail and e-commerce channels with its branded distributed
medications, which is further supported by its own world-class
medications manufacturing facility in Omaha, Nebraska. The
company’s national service platform, VIP Petcare, operates in over
3,400 retail partner locations in 41 states providing cost
effective and convenient veterinary wellness services. PetIQ
believes that pets are an important part of the family and deserve
the best products and care we can give them.
Forward Looking Statements
This press release contains forward-looking
statements that involve risks and uncertainties, such as statements
about our plans, objectives, expectations, assumptions or future
events. In some cases, you can identify forward-looking statements
by terminology such as "anticipate," "estimate," "plan," "project,"
"continuing," "ongoing," "expect," "believe," "intend," "may,"
"will," "should," "could" and similar expressions.
Forward-looking statements involve estimates, assumptions, known
and unknown risks, uncertainties and other factors that could cause
actual results to differ materially from any future results,
performances, or achievements expressed or implied by the
forward-looking statements. Forward-looking statements should not
be read as a guarantee of future performance or results, and will
not necessarily be accurate indications of the times at, or by,
which such performance or results will be achieved. Forward-looking
statements are based on information available at the time those
statements are made or management's good faith belief as of that
time with respect to future events, and are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in or suggested by the
forward-looking statements. Important factors that could cause such
differences include, but are not limited to, our ability to
successfully grow our business through acquisitions; our dependency
on a limited number of customers; our ability to implement our
growth strategy effectively; disruptions in our manufacturing and
distribution chains; competition from veterinarians and others in
our industry; reputational damage to our brands; economic trends
and spending on pets; the effectiveness of our marketing and trade
promotion programs; recalls or withdrawals of our products or
product liability claims; our ability to manage our manufacturing
and supply chain effectively; disruptions in our manufacturing and
distribution chains; our ability to introduce new products and
improve existing products; our failure to protect our intellectual
property; costs associated with governmental regulation; our
ability to keep and retain key employees; our ability to sustain
profitability; and the risks set forth under the “Risk Factors” of
our Annual Report on Form 10-K for the year ended December 31, 2018
and other reports filed time to time with the Securities and
Exchange Commission.
Additional risks and uncertainties not currently
known to us or that we currently deem to be immaterial also may
materially adversely affect our business, financial condition or
operating results. The forward-looking statements speak only
as of the date on which they are made, and, except as required by
law, we undertake no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which the statement is made or to reflect the occurrence of
unanticipated events. In addition, we cannot assess the impact of
each factor on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.
Consequently, you should not place undue reliance on
forward-looking statements.
CONTACT:
Investor Relations
Contact: |
Media Relations Contact: |
ICRJeff Sonnek646-277-1263
jeff.sonnek@icrinc.com |
ICRCory
Ziskind646-277-1232cory.ziskind@icrinc.com |
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