Kristin Peck

“As we have discussed in prior quarters, the companion animal market is being shaped by several interconnected forces. Those dynamics continued in the second quarter and in some areas intensified.”

“One thing I'll say is, like, you know, we always start inventories, and most people in the industry do, before price increases the high and you end at the inventory you have for most of the rest of the year.”

“It's a pleasure to be with you today for our annual meeting of shareholders. In 2025, our colleagues executed with discipline and purpose, delivered for our customers, and demonstrated resilience.”

“I'll start with the headline numbers we reported today. On an organic operational basis, revenue was flat and adjusted net income grew 1%. Our international segment delivered 10% organic operational revenue growth, while the U.S. declined 8%.”

“For the full year, on an organic operational basis, we delivered 6% revenue growth and 7% growth in adjusted net income in line with expectations.”