MARKET REPORT: Investors have claws out for CVS after it posts slowing sales growth and admits it is struggling to recruit new vets

Investors had their claws out for CVS after it posted slowing sales growth and admitted it was struggling to recruit new vets.
The firm, which is Britain’s largest supplier of veterinary services for cats and dogs, said it would be forced to hike prices to cover the cost of salary increases as it seeks to woo new staff.
It came as it revealed a 4.3 per cent increase in comparable sales in the four months to the end of October. However, stripping out sales of its animal medicine business Animed Direct, like-for-like sales were up just 1.5 per cent.
The growth was slower than in any other... read more

30 November 2017 in Business, Views: 60
Source: Daily Mail

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