PetIQ, Inc. (NASDAQ:PETQ) Q1 2022 Earnings Conference Call May 4, 2022 4:35 PM ET

Company Participants

Cord Christensen – Chairman of the Board and Chief Executive Officer

Zvi Glasman – Chief Financial Officer

Susan Sholtis – President

Michael Smith – Executive Vice President of Products Division

Katie Turner – Investor Relations

Conference Call Participants

Stephanie Schiller Wissink – Jefferies

Elliot Wilbur – Raymond James

Jon Andersen – William Blair

Bill Chappell – Truist Securities

John Lawrence – The Benchmark Company

Operator

Greetings and welcome to PetIQ Incorporated, First Quarter 2022, earnings conference call and webcast. At this time, all participants are in a listen-only mode, question-and-answer session will follow the formal presentation. If any much require operator assistance during the conference, please press star 0 on your telephone keypad as a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Katie Turner, Investor Relations. Thank you. You may begin.

Katie Turner

Good afternoon. Thank you for joining us on PetIQ's First Quarter 2022 earnings conference call and webcast. On today's call are Cord Christensen, Chairman and Chief Executive Officer, and Zvi Glasman, Chief Financial Officer. Susan Sholtis, President and Michael Smith, Executive Vice President of the Products Division, will also be available for Q&A. Before we begin, please remember that during the course of this call management may make forward-looking statements within the meaning of the federal securities laws.

These statements are based on management's current expectations and beliefs and involve risks and uncertainties that could differ materially from actual events or those described in these forward-looking statements. Please refer to the company's annual report on Form 10-K and other reports filed from time-to-time with the Securities and Exchange Commission and the company's press release issued today for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today.

Please note on today's call, management will refer to certain non-GAAP financial measures, including adjusted gross profit, adjusted SG&A, adjusted net income, and adjusted EBITDA. While the company believes these non-GAAP financial measures will provide useful information for investors, the presentation of this information is not intended to be considered in isolation or as a substitute for the information presented in accordance with GAAP.

Please refer to today's release for a reconciliation of non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP. In addition, PetIQ has posted a supplemental presentation on its website for reference. And with that, I'd like to turn the call over to Cord Christensen.