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

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.

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

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

The company shared its three- and nine-month earnings on Aug. 4.

The pet nutrition business is well-positioned for growth through 2023, according to company leadership.

The company’s Purina PetCare business continued its double-digit revenue growth streak in the first quarter.

The company shared its recurring losses and “significant accumulated deficit” have raised “substantial doubt” in terms of its ability to stay in business.

With its new Texas facility up and running, the company plans to fuel continued growth through media, innovation and retail expansions.