The company will invest up to $100 million in fiscal 2024 to support the new business segment.

Parent company Colgate-Palmolive anticipates raw and packaging material costs to continue to rise in 2024.

A continuation of value-seeking consumer behaviors resulted in sales declines for the company’s pet food segment.

According to the manufacturer, the impact of the HPAI expansion is uncertain. 

The online pet retail giant reported fewer active customers in the third quarter, but subscription-based purchasing remains on the rise.

The company sees light at the end of the tunnel, with promising developments among its snacking and pet food segments.

The company reported its fourth-quarter and full-year 2023 earnings on Nov. 16.

Recent partnerships aim to alleviate production and supply chain constraints for dry kibble.

Consumption trends look positive for the fresh pet food brand as it works to restore profitability and meet demand.

The pet food manufacturing business posted a net sales increase of 21.5% over the three-month period.