Third-quarter earnings show declines in organic volume and operating profit for Colgate-Palmolive’s pet nutrition business.

“Continued momentum” for its premium, science-based and veterinary pet food brands is leading organic growth for Nestlé.

Net sales for the pet nutrition business are up 19% year-over-year.

The company is experiencing softness for discretionary pet product purchases in the face of industry-wide inflation and economic uncertainty.

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

The company reported a record-breaking quarter due to the launch of Halo Elevate, as well as expansions in brick-and-mortar and international markets.

Inflated costs and supply chain constraints continue to plague the company, impacting product prices and full-year EBITDA projections.

Among its expansion plans, the company will construct a protein conversion facility to create pet food ingredients.

The company has revealed plans to expand with three new facilities from Red Collar Pet Foods.

“Unprecedented inflationary pressures and supply chain constraints” seen by Nestlé in the first six months of 2022.