In an effort to mitigate the financial impact of COVID-19, the pet retail giant has temporarily reduced pay for executive, salaried and hourly employees, among other measures.

Packaged Facts discusses impacts to pet food and treat products, non-food products, non-medical and veterinary services and e-commerce expected during and after COVID-19.

The company has updated and improved its fiscal 2020 guidance after seeing increased demand from COVID-19.

The US Food and Drug Administration’s deputy commissioner of food policy and response answered several questions about the condition of the United States food supply during and after COVID-19.

In a recent report, Robert Moskow, research analyst for Credit Suisse, said four structural factors are expected to cause long-term effects in the food and foodservice sectors.

As the United States issues widespread shelter-in-place orders and designates non-essential versus essential businesses, workers are encountering a patchwork of different quarantine orders, some of which are in conflict.

The e-commerce platform reported a 35% year-over-year increase in sales for the fourth quarter of its fiscal 2019.

The company’s PetCare business made up 15% of its annual revenue and accounted for 28.3% of net sales in North and South America alone.

The decision was made as the worsening COVID-19 pandemic causes increased restrictions on travel and business/social gatherings, which is expected to extend well into the year.