Monthly Archive: May 2023

New Jersey’s first veterinary school recently broke ground in Glassboro, at Rowan University. The Schreiber School of Veterinary Medicine, named after founding donor Gerald B. Schreiber, expects to welcome its inaugural class of students in fall 2025. By allowing New Jersey residents to stay in-state for their education, veterinary professionals hope the new school helps [...]

JAB’s pet insurance platform has acquired a majority interest in pet insurance company Pumpkin Insurance Services. Zoetis, which launched Pumpkin in 2020, will maintain a significant minority stake in Pumpkin and continue its commercial partnership with the business. JAB currently insures more than 3.3 million pets and is expected to grow that number to approximately [...]

Elanco reported first quarter revenue of $1.3 billion, up 3%. Pet health sales of $675 million were up 5%, and farm animal sales of $573 million were up 1%. Reported net income of $103 million was up from $51 million last year, with reported earnings per share of 21 cents up from 10 cents. Adjusted [...]

Zoetis reported first quarter revenue of $2 billion, up 1%. Net income of $552 million was down 7%, and earnings of $1.19 per diluted share were down 6%. “Our international segment led the way, growing revenue 10% operationally, and was partially offset by a decline of 1% in the U.S.,” said CEO Kristin Peck. “Our [...]

Tractor Supply Company reported first quarter sales of $3.3 billion, up 9.1%. Comparable store sales were up 2.1%. Diluted earnings per share of $1.65 were even with last year. The increase in net sales was driven by positive sales contributions from the acquisition of Orscheln Farm and Home, new store openings and growth in comparable [...]