PetIQ, Inc. (NASDAQ:PETQ) Q3 2023 Earnings Call Transcript

And that’s really what it comes down to.

John Lawrence: Great. Last question for me, as we all know gross up 200 basis points, most of that is scale leverage or is it product mix or just what’s the main driver of that gross margin?

Zvi Glasman: It’s efficiency. Part of the efficiency is on increased volume, but it’s also efficiency just as we continue to look at making our operations – operate more efficiently to use the word to describe a word. And then it is some mix and some scale.

John Lawrence: Great. Thanks. Congrats again.

Operator: This concludes our question-and-answer session. I would like to turn the conference over to Cord Christensen for any closing remarks.

Cord Christensen: Yes. Thank you everyone for joining us today, and thank you to all the PetIQ employees and partners that let us have such a great quarter. We appreciate the hard work. We appreciate –it’s kind to our ability to deliver such a strong result. Thank you for everybody and what we look forward to reporting the full year when we talk to you after the first of the year. Thank you.

Operator: The conference is now concluded. Thank you for attending today’s presentation. You may now disconnect.