Retail Channel $ Update – December Monthly & January Advance
Inflation slowed, but so did the YOY lifts vs last year.
Author Archive for: johngibbons
Entries by John Gibbons
2024 Total Pet Spending was $118.87B – Where did it come from…?
Mixed performance – Vet: Good; Supp & Serv: Fair; Food: Bad; Total Result: Mediocre, +$1.27B, +1.1%
2024 U.S. Pet Spending by Generation – Gen X Returns to the Top!
The highest income Gen Xers returned to their expected place at the top of Total Pet Spending!
Petflation 2026 – January Update: Total Pet Prices Reach a Record High
Pet prices reach record highs in all but Supplies.
Retail Channel $ Update – November Monthly & December Advance
December was the biggest Retail Sales Month in history but 7 of 11 channels still had below avg lifts or drops vs 2024.
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!
Petflation 2025 – December Update: Back up to +3.5% vs Last Year
Petflation is again +3.5%, the highest rate in 2025.
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!