MEDQ

Zoetis cuts annual sales forecast as inflation weights on pet spending

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Nov 2 (Reuters) – Pet products maker Zoetis Inc (ZTS.N) cut its annual profit forecast and missed quarterly sales estimates Thursday as inflation continues to weigh on pet spending. The company said it now expects adjusted profit for the year at $5.38 per share to $5.43 per share, compared to its previous forecast of $5.37 … Read more

IDEXX cuts annual sales forecast as pet owners remain cautious on vet visits

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Nov 1 (Reuters) – Animal health diagnostic services provider IDEXX Laboratories (IDXX.O) cut its annual sales forecast after missing third-quarter revenue estimates on Wednesday, hurt by slower-than-expected growth in visits by pet owners to veterinary clinics. Pet owners have become cautious in their spending amid a cost-of-living crisis in some parts of the world, weighing … Read more