Pet owners committed to spend on quality petcare: Zoetis CFO
02/14/2024 05:06
Animal medication company Zoetis (ZTS) reports beating revenue expectations in the fourth quarter. Zoetis CFO Wetteny Joseph joins Yahoo Finance to discuss Zoetis' guidance across segments — which include both pets and livestock animal treatments — and how willing consumers are willing to spend on their pets. "In fact, 95% of pet owners see them as members of their family, and if they were faced with a 20% decrease in their budget, they wouldn't reduce how much they spend on their pet health care," Joseph explains. "So as we look at the space today, we see broad-based growth across the different therapeutic areas within [the] companion animal, and we see significant opportunity to continue to really meet unmet needs in the space, For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Animal medication company Zoetis (ZTS) reports beating revenue expectations in the fourth quarter. Zoetis CFO Wetteny Joseph joins Yahoo Finance to discuss Zoetis' guidance across segments — which include both pets and livestock animal treatments — and how willing consumers are willing to spend on their pets.
"In fact, 95% of pet owners see them as members of their family, and if they were faced with a 20% decrease in their budget, they wouldn't reduce how much they spend on their pet health care," Joseph explains. "So as we look at the space today, we see broad-based growth across the different therapeutic areas within [the] companion animal, and we see significant opportunity to continue to really meet unmet needs in the space,
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.