Zoetis Inc. (ZTS) Presents at Leerink Global Healthcare Conference 2026 Transcript

SA Transcripts158.89K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Zoetis Inc. (ZTS) Leerink Global Healthcare Conference 2026 March 9, 2026 3:00 PM EDT Company Participants Wetteny Joseph - Executive VP & CFO Presentation Unknown Analyst Okay. Great. Well, thank you, everybody, for joining us here at the Leerink Global Healthcare Conference. Very happy to be here today with Zoetis' CFO, Wetteny Joseph; and Head of IR, Nick Soonthornchai. Wetteny, just going to kind of get into it here. Thank you for being with us. Question-and-Answer Session Unknown Analyst I wanted to start on the companion animal side. At this point, how are you thinking about the broader health of the pet consumer in 2026? We've seen some pockets of durable growth, some slowdowns at a high level. How are you sort of seeing the landscape and thinking about consumer behavior through the course of the year? Wetteny JosephExecutive VP & CFO Well, first of all, thanks for having us here at the conference. And clearly, I think the biggest thing to really pay attention to is that the consumer overall is still spending and prioritizing pet health. If you look at the latest data even through Q4 of 2025, overall vet clinic revenues were up about 6% in the quarter. However, we are seeing some pressure, though, on some segments of the consumer, particularly millennials and Gen Z whether it's from student loans and other factors that are impacting them, that's putting some pressure in terms of volumes, and you see it in clinic visits, not only in overall visits, which we saw for a number of years, but we're seeing it in therapeutic visits as well. And we also see a concentration around particularly certain segments of the customer, meaning the vet clinics, particularly those were corporate-owned that took larger price increases over the years, you see that more pronounced with them.