2024 U.S. TOTAL PET SPENDING $118.87B…Up $1.27B

The 50/50 Pet spending dividing line is now an income of $124K, 19% above avg but 48% more than the median.

2024 U.S. VETERINARY SERVICES SPENDING $41.26B…Up $5.60B

With a $5.6B they passed Pet Food and are the biggest $ segment for the 1st time in history!

Retail Channel $ Update – October Monthly & November Advance

Cumulative inflation is having a visible iimpact – slowed growth!

2024 U.S. PET SERVICES SPENDING $13.65B…Up $0.23B

With 7.0% inflation, the 1.7% lift was really a -4.9% drop!

2024 U.S. PET SUPPLIES SPENDING $23.91B…Up $0.89B

Inflation was low but prices were at a record high. Incomes $100K> spent 59% of Supplies $.

Retail Channel $ Update – August Monthly & September Advance

As usual, Retail $ fell Aug>Sep but YOY lifts vs Sep 24 were widespread and most were above avg.

Petflation vs “Human” Inflation

Except for Pet Food vs Groceries, Petflation exceeds Human Inflation.