Plus   Neg

Patterson Withdraws FY20 Outlook Amid COVID-19 - Quick Facts

Providing an update on the impact of COVID-19, Patterson Cos., Inc. (PDCO) announced Monday that it is withdrawing its financial guidance for the full year 2020, which was initiated on February 27, 2020, given the disruption of North American and international market conditions and the inability to accurately predict the economic effects of COVID-19 and related government actions.

Entering the last month of the company's fiscal year, the company said COVID-19 and measures taken by various authorities in response to the pandemic have directly and indirectly impacted demand for dental and companion animal products and services.

The company said it is maintaining the continuity of its business operations and taken precautionary measures to protect the health and safety of our employees.

The measures include facilitating work from home, restricting travel and implementing a number of other recommended best practices in our headquarters, branch offices and fulfillment centers.

Patterson also took swift action to adjust or postpone non-essential projects to ensure the organization remains focused on meeting the needs of its customers.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Many retailers including Target, Walmart and CVS announced temporary store closures in various regions across the United States following violence and looting amid the unrest related to the death of George Floyd. The street protests, some peaceful and some violent, erupted across the nation after Floyd was mercilessly killed by Minnesota police. Nestle USA, a division of Swiss food major Nestlé, announced the recall of certain Lean Cuisine Fettuccini Alfredo products citing misbranding and the presence of an undeclared allergen. According to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS, the recall involves approximately 29,002 pounds of chicken products. Apple chief executive officer Tim Cook condemned the killing of an unarmed black man, George Floyd, and called for the creation of a "better, more just world for everyone," according to reports citing a memo to employees.
Follow RTT