Central Garden & Pet Company reported financial results for its fourth quarter and full 2011 fiscal year ending September 24. The company reported net sales of US$376.9 million for the fourth quarter of 2011, a 9% increase over the comparable fiscal 2010 period.
Fourth quarter net sales for the pet products segment fell by 1%, or US$2.1 million, over the previous year to US$211.8 million. The pet products segment’s branded product sales also decreased by 1%, or US$1.8 million, to US$171.8 million. Sales of other manufacturers’ products were US$40.0 million, in line with the fourth quarter of 2010. The pet products segment’s operating income was US$15.6 million compared to operating income of US$12.9 million in the previous year’s period.
The mid-year meeting addressed several regulatory matters affecting petfoods
Public meetings invited comments and provided updates
Committees discussed key proposals such as a possible shift in the oversight of animal feeds
As an industry, are we missing a huge opportunity to take advantage of another aspect of the human-pet bond?
While petfood shoppers continue to show strong brand loyalty, pet products have not been immune to the store brand swing
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
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