Patterson EPS beats by $0.08, beats on revenue

• Patterson (NASDAQ:PDCO): Q2 Non-GAAP EPS of $0.58 beats by $0.08; GAAP EPS of $0.49 beats by $0.07.
• Revenue of $1.65B (+6.5% Y/Y) beats by $70M.
• Press Release

• Fiscal 2022 Guidance: Patterson Companies today updated its fiscal 2022 earnings guidance, which is provided on both a GAAP and non-GAAP adjusted basis:

• GAAP earnings are expected to be in the range of $1.69 to $1.79 per diluted share, compared to our prior guidance of $1.64 to $1.74 per diluted share.
• Non-GAAP adjusted earnings are expected to be in the range of $2.00 to $2.10 per diluted share ( vs consensus of $2.03), compared to our prior guidance of $1.95 to $2.05 per diluted share.