The company plans to lay off about 8,000 employees globally. 

The retailer plans to focus on improving its product assortment, offering more shelf space and staying competitive on pricing to continue its growth.

The retailer’s autoship program raked in more than $2 billion, representing 80% of net sales for the quarter. 

According to Smucker’s latest financials, the pet food brands continue to experience sales growth.

Net sales for the company were $1.13 billion for the third quarter of 2024, representing 22% of Colgate-Palmolive’s total sales.

The pet retailer will continue business as usual despite the financial challenges of its parent company.

The company shared its third quarter and nine-month financial results. 

Despite low, single-digit growth, the pet care giant continues to lead Nestlé’s business. 

Net sales for the company’s pet foods division were flat for the first quarter of the 2025 fiscal year.

The company’s capacity expansions are paying off with net sales rising 28%.