Zoetis cuts profit forecast as pet owners curb spending
Zoetis cut its 2026 profit forecast after missing quarterly estimates. Shares fell as price-sensitive pet owners reduced routine clinic visits and treatments.
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ZOETIS INC cut its 2026 adjusted EPS forecast to $6.85–$7.00 after reporting first-quarter revenue of $2.26 billion. Shares fell 21% in morning trading on May 7 as the results missed the $2.31 billion LSEG estimate. The revision reflects a slowdown in veterinary clinic visits as price-sensitive consumers in the United States curb discretionary spending.
