Petco Health and Wellness Company, Inc. WOOF and Nationwide, a leading pet insurance provider, have released a customizable pet health insurance offering, now accessible at petco.com. This partnership is a testament to its shared goal of delivering affordable, integrated solutions for pet health, wellness and protection, meeting the needs of a wide range of pet owners .
The unique feature of this insurance offering is its broad coverage, which goes beyond dogs and cats to include avians and exotic pets such as reptiles and rodents. By combining Nationwide’s flexible pet health insurance with Petco’s comprehensive pet care ecosystem, this partnership enables pet owners to create policies that are both budget-friendly and tailored to specific health needs of their pets.
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Basic Aspects of Insurance
Coverage for Miscellaneous Veterinary Expenses: The plan offers valuable coverage for veterinary expenses arising from accidental injuries, such as broken bones, wounds and poisoning. Additionally, pet owners can opt for coverage that includes treatments for illness and disease, as well as health care, covering routine and preventative measures such as vaccinations and tests.
Customizable Policy Options: Policyholders have the flexibility to customize their plans, with reimbursement options ranging from 50% to 90% for eligible veterinary expenses, annual deductible options from $100 to $500, and coverage limits that vary from $500 to no limit.
Competitive Pricing: Pet accident plans start at around $16 per month for dogs and $9 per month for cats, making them affordable for many pet owners.
What else?
Membership in this insurance program comes with additional perks. Enrolled members can get exclusive discounts and savings on veterinary services offered through Petco’s extensive network of more than 280 Vetco Total Care hospitals and approximately 1,450 mobile Vetco Vaccination Clinics throughout the country. In addition, more than 1.2 million members of Nationwide’s broader pet insurance network are entitled to a unique 10% discount at these Vetco facilities.
This is seen as an important step in providing integrated, convenient, and affordable pet health and protection, allowing more pet parents to access veterinary care without hesitation.
Wrapping
This initiative aligns with Petco’s mission to improve the quality of life for pets. It also helps pet owners by increasing access to high-quality, affordable veterinary services. The customizable, data-driven pet insurance and care solutions developed through this collaboration are designed to support pet families of various financial backgrounds, helping them prioritize immediate and long-term health needs of their pets.
However, the pet retail giant has faced challenges competing with e-commerce platforms in recent times, resulting in the loss of significant market share. This Zacks Rank #5 (Strongly Sell) company has lost 18.5% over the past three months against industry growth of 23.4%.
Three Solid Choices
Some better ranked stocks are The Gap, Inc. gps, Abercrombie & Fitch Co. ANF and Deckers Outdoor Corporation DECK.
Gap is a leading international specialty retailer offering a diverse range of apparel, accessories and personal care products. The company currently sports a Zacks Rank #1 (Strong Buy). You see the complete list of Zacks #1 Rank stocks today here.
The Zacks Consensus Estimate for Gap’s current fiscal-year sales indicates growth of 387.5% from last year’s reported numbers. GPS has a trailing four-quarter average earnings surprise of 138%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual clothing. The company currently boasts a Zacks Rank #1. ANF delivered a 60.5% revenue surprise in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales indicates growth of 15.1% from last year’s reported number. ANF has a trailing four quarter average earnings surprise of 713%.
Deckers is a leading designer, producer and brand manager of innovative, tailored footwear and accessories. It currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Deckers’ current fiscal earnings and sales indicates growth of 21.9% and 11.7%, respectively, from last year’s reported numbers. DECK has a trailing four quarter average earnings surprise of 26.3%.
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Petco Health and Wellness Company, Inc. (WOOF): Free Stock Analysis Report
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