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.
Public meetings invited comments and provided updates
Committees discussed key proposals such as a possible shift in the oversight of animal feeds
The mid-year meeting addressed several regulatory matters affecting petfoods
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Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
There's a disconnect between consumers' confidence in petfoods and their knowledge of what makes the foods nutritious
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