PETQ - 3 Pet Med Companies Whose Growth Makes Them a Breed Apart
Many of us got some new coworkers this past year -- the four-legged kind. Pets became a welcome distraction for individuals and families under stay-at-home orders. According to industry data tracker PetPoint, a pandemic-driven spike in animal adoptions began in mid-March 2020. Animal welfare organizations had an estimated national adoption rate of 58% at the beginning of the month, and had jumped to 85% by the end of the first month of shutdowns. Because of the adoption uptick, it's worth thinking about the businesses behind the years of veterinary care that these furry friends will require.
Heska Corporation (NASDAQ: HSKA) , Idexx Laboratories (NASDAQ: IDXX) , and PetIQ (NASDAQ: PETQ) are three companies connected to pet medicine and veterinary care that have seen double-digit revenue gains this year -- and are poised to achieve even more.
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3 Pet Med Companies Whose Growth Makes Them a Breed Apart