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

The company witnessed mixed results across the board but continues to improve Blue Buffalo’s market share.

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

Net sales for the pet food company rose 5.5% to $1.11 billion.

The company reported increases in net sales, income and gross margin for the first quarter of 2024 and believes it can continue this momentum. 

Pet treats and dry pet food underperformed while wet pet food products picked up the slack.

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

Parent company General Mills is combatting consumer mobility, cautious spending and input cost inflation.

The company’s second-quarter and six-month earnings show incremental improvements in input, logistics and quality costs.

The company’s key segments — dog food, cat food and pet treats — all reported double-digit sales growth over the quarter.