U.S. Pet Services Spending (Non-Vet) $12.77B (↑$1.90B): 2023 Mid-Year Update

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After increasing by 66% in 18 months, Services spending growth slowed to 3.3% in the 1st half of 2023.

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U.S. PET SUPPLIES SPENDING $23.59B (↓$0.79B): MID-YR 2023 UPDATE

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The Pet Supplies spending rollercoaster continues.

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Retail Channel $ Update – April Monthly & May Advance

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May was much better than April but the YOY monthly sales increases are still far below average.

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Petflation 2024 – May Update: Slows to +1.6% vs 2023

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Petflation slows as the Product segments deflate while prices in the Service segments reach record highs.

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U.S. PET FOOD SPENDING $40.86B (↑$4.51B): MID-YEAR 2023 UPDATE

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A strong 12.4% lift in $, but considering 14.1% inflation, it was really a -1.7% drop!

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Retail Channel $ Update – March Monthly & April Advance

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Inflation is slowing and prices are deflating in 7 channels. However, it’s cumulative impact is still there with a reduction in YOY growth!

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Petflation 2024 – April Update: Drops to +1.7% vs 2023

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At 1.7%, Petflation is now 50% below the CPI. In January, it was +52% but prices are still 26% higher than in 2019!

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The Retail Market – Evolution 1992 > 2023

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Internet sales are 35 times more than 1992 and now have the biggest share of Relevant Retail $!

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Retail Channel $ Update – February Monthly & March Advance

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As expected, sales grew in March but the lift was far below average. The recovery is definitely slowing!

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Petflation 2024 – March Update: Turns up to +3.8% vs 2023

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March Total Petflation rose to 3.8% from 3.5% in February but YTD it slowed to 4.0% from 4.1%.

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