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Summary of Quarterly Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Data (Unaudited)
Summary of Quarterly Data (Unaudited)

A summary of quarterly data follows:
 
 
For the Three Months Ended

 
March 31,
2019
 
June 30,
2019
 
September 30,
2019
 
December 31,
2019
Net sales
 
$
941

 
$
1,009

 
$
1,018

 
$
1,008

Gross profit (a)
 
$
177

 
$
193

 
$
191

 
$
188

Goodwill impairment
 
$

 
$

 
$
939

 
$
(1
)
Operating loss
 
$
(9
)
 
$
(5
)
 
$
(958
)
 
$
(25
)
Net loss attributable to Covetrus (b)
 
$
(13
)
 
$
(10
)
 
$
(959
)
 
$
(37
)
Loss per share: (b)
 
 
 
 
 
 
 
 
Basic
 
$
(0.14
)
 
$
(0.09
)
 
$
(8.56
)
 
$
(0.33
)
Diluted
 
$
(0.14
)
 
$
(0.09
)
 
$
(8.56
)
 
$
(0.33
)
 
 
 
 
 
 
 
 
 
(a) 2019 quarterly data reflects a reclassification of Vets First Choice shipping expenses that were previously included in Selling, general and administrative into Cost of sales to classify these Vets First Choice shipping expenses consistently with the rest of our business.
(b) The third quarter ended September 30, 2019 includes a revision (see Note 14 - Income Taxes).

 
 
For the Three Months Ended

 
March 31,
2018
 
June 30,
2018
 
September 30,
2018
 
December 29,
2018
Net sales
 
$
947

 
$
1,005

 
$
923

 
$
903

Gross profit
 
$
176

 
$
183

 
$
166

 
$
159

Operating income
 
$
32

 
$
38

 
$
34

 
$
33

Net income attributable to Covetrus
 
$
23

 
$
29

 
$
16

 
$
33

Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.32

 
$
0.40

 
$
0.22

 
$
0.47

Diluted
 
$
0.31

 
$
0.40

 
$
0.22

 
$
0.46