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Pet 'moms and dads' are spending more on their furry family, setting these stocks up for growth

CNBC LogoCNBC3 mo ago

Pet 'moms and dads' are spending more on their furry family, setting these stocks up for growth - CNBC

Quick Summary:

Morgan Stanley estimates that a 4% increase in pet ownership has led to an 11% gain in per-pet spending.

That's good news for the pet industry.

A shift to 'human-grade' food Pet owners like the convenience of ordering items like pet food through an online subscription, which has contributed to this trend, according to Livingston.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-28 @ 12:43:06 (3 months ago)

News Timezone: GMT -5:00

Ranking: #16 (out of 1493 stories this day)

News Source URL: cnbc.com

Language: English

Article Length: 1771 words

Reading Time: 10 minutes read

Sentences: 80 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 176219

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About CNBC

CNBC Logo

Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 18 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #5

Publisher Details

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The story "Pet 'moms and dads' are spending more on their furry family, setting these stocks up for growth" was covered 3 months ago by CNBC, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 18 news stories per day.

It's most recent story was published 1 days ago.

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  • News ID: #176219
  • URL: https://beamstart.com/news/pet-moms-and-dads-are-16616908903539

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