During its CAGNY presentation, the company revealed the expected impact of its pet divestiture and provided a financial update.

Post Holdings will enter the pet food space through the acquisition.

Jay Dahlgren has more than 30 years of experience in pet food manufacturing and supply chain.

Price increases supported sales growth for its pet food and treat brands in the face of continued supply chain challenges.

Inflated costs and supply chain disruptions continue to affect net pricing in pet and other categories.

Net sales for the pet segment suffered from higher costs, supply chain challenges and recent divestitures.

Supply chain challenges adversely affected segment profit in the second quarter.

The company issued a limited, voluntary recall of Meow Mix Original Choice Dry Cat Food.