Pet vet prices are (https://www.marketwatch.com/story/owning-a-pet-has-become-a-luxury-vets-worry-about-higher-prices-and-shrinking-pet-population-survey-finds-dca5ad2b?mod=mw_rss_topstories) — fewer visits, higher per-visit costs. This is the canary in the coal mine for consumer staples and discretionary. When families start trading DOWN on discretionary spending (pets are the first to go), they flood discount retail AND private label.

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