Petco CEO Ron Coughlin explains why pet industry remains 'inflation proof'

By Vitaltwege | February 24, 2023 |

Petco CEO Ron Coughlin explains why pet industry remains 'inflation proof'

Ron Coughlin, Petco chairman and CEO, joins ‘Closing Bell’ to discuss how inflation is affecting pet supplies. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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Posted in Household Needs

8 Comments

  1. joeyp978 on February 24, 2023 at 4:48 am

    Lol 25% increase of price on the food I buy Todd. Bye Petco

    Reply
  2. Jack Russell on February 24, 2023 at 4:57 am

    The only people buying premium food at the rich or upper middle class that is a very small percentage in the long run. I work in an area where Pets are on the human level meaning the pet parents buy them shoes etc. guarantee you in other poorer areas they ain’t buying them shoes

    Reply
  3. T G on February 24, 2023 at 5:03 am

    I’m getting rid of my cat due to inflation

    Reply
  4. Shadey Lady on February 24, 2023 at 5:16 am

    Meanwhile shelters are overwhelmed and rescues are crowding.

    Reply
  5. Bob Smith on February 24, 2023 at 5:19 am

    Pet spending will be the first to go when times get tough.
    Do you honestly believe people will be buying luxury pet foods while people will be downgrading their food from beef/pork to chicken and rice to cut costs?

    This ceo is delusional, or straight up lying, I think its the latter.

    Reply
  6. Gene K on February 24, 2023 at 5:24 am

    Buy POWW today 24 Mar 22. Semper Fi Bros!!

    Reply
  7. JC-єlємєпϮ①①⑤ on February 24, 2023 at 5:26 am

    pets help people to be "human" or humane…They are family, and luckily they’ll eat slop to survive….and they will, happily.

    Reply
  8. S Jinvestors2 on February 24, 2023 at 5:26 am

    I believe he’s right. The pet business is recession proof

    Reply

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