PetIQ, Inc. Provides Update on Wellness Center Openings

Celebrated 34 Wellness Center Openings in November
Opened 60 Locations Year-to-Date in 22 States
On-Track to Add 80 New Wellness Centers in 2019

EAGLE, Idaho, Dec. 05, 2019 (GLOBE NEWSWIRE) -- PetIQ, Inc. (“PetIQ” or the “Company”) (Nasdaq: PETQ), a leading pet medication and wellness company, provided an update on its year-to-date wellness center openings.  In November, the Company opened 34 new wellness centers for a total of 60 wellness centers across 22 states year-to-date.  The Company remains on-track to achieve its stated plan for 80 new wellness center openings in 2019 with 20 planned openings in December.

“PetIQ remains uniquely positioned through our complementary veterinarian products and services offering, which is anchored in our mission of providing Smarter Pet Health through affordable and convenient products and services solutions that are accessible to all pet parents,” commented Susan Sholtis, PetIQ’s President. “Our wellness center growth strategy is advantaged by our national network of community clinic locations that serve as an incubator for future growth, while mitigating execution risk and maximizing returns on investment.  Our team is continually optimizing our pop-up, community clinic base, adding new locations with our host retail partners and discontinuing others that aren’t meeting our performance standards.  We are excited about our 2019 class of wellness center openings which leverage our intimate knowledge of the customer base from our network of community clinics and surrounding demographic profile.”

In conjunction with this update, the Company has provided historical quarterly segment-level adjusted EBITDA and sales information on its investor relations website under the Financial Information section to assist investors with their analysis of the quarterly performance of both of PetIQ’s business segments, ir.petiq.com.

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/

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.