Petfood sales keep industry stocks rising

Both PetSmart Inc. and Del Monte Foods Co. enjoyed strong stock closings for the trading week ending Friday, October 9.

October 13, 2009

Both PetSmart Inc. and Del Monte Foods Co. enjoyed strong stock closings for the trading week ending Friday, October 9.

PetSmart closed up 1.8% Friday, at US$22.68, with gains for the third quarter expected at 22 cents. The company's uptick is reportedly due to an analyst raising its rating to "buy" status.

Del Monte's petfood division also closed strongly, with stocks at US$11.55 per share, and analysts mark the company as a "strong buy." In September, the company reported first-quarter sales jumped more than 20% to US$412.3 million, from US$342.7 million in 2008.

In response to generally strong industry performance, analysts point to stable pet product consumer habits to explain the strong stock performances.

Sound Cloud Cover Art 800x800 Zora Tabin

EPISODE 89: How does working in human food versus pet treats compare?

Although pet food companies may find themselves wondering what the next regulatory update may bring, it will still pay dividends to maintain strong compliance programs.

How to approach regulatory uncertainty

Trending: Pet Food Podcast

EPISODE 89: How does working in human food versus pet treats compare?

Zora Tabin shares her journey from founding Wild Zora human food products to launching Zora's Best Friendz pet treats, revealing the unexpected challenges and key differences between serving human and pet customers.

Sound Cloud Cover Art 800x800 Zora Tabin

Brand Insights

Simplify Pet Food Labeling: Strategies for Navigating Global Regulations

Esko

Learn how regulatory complexity is impacting the pet food industry and how brands will meet the challenge using the right digital tools

Simplify Pet Food Labeling: Strategies for Navigating Global Regulations

Global Commerce

Pet food mergers and acquisitions cautious but continue in 2025

The go-go days of 2021 may be behind for the pet food industry. However, M&A continues, although with more discipline and patience than before.

Minimalist Painting Depicting A Geman Shpherd Shaking Hands With A Business Man

Global Commerce

How cats stole Indonesia's pet food market

Cats are the dominant pet in Indonesia, leading to success for the country’s cat food segment.

Indonesia has long since gone to the cats, with the balance tipping in their favor both in tonnage and in dollars when it comes to the pet food market.

Royal Canin named official nutrition partner of The Seeing Eye guide dog organization

Royal Canin USA Inc.

Royal Canin will provide specialized nutrition for guide dogs across all life stages through new partnership with 95-year-old nonprofit.

Royal Canin The Seeing Eye

Czech pet food giant to take over Polish company

Vafo Group seeks to acquire distributor Azan, while Fressnapf opens 41 new stores across Europe in Q1.

Vafo Group operates nine production facilities in Europe and has subsidiaries in the Czech Republic, Austria, Finland, Germany, Sweden, Poland, the UK as well as Estonia.

MAWS Act would fund use of invasive blue catfish in pet food, animal feed

The bipartisan federal bill would establish a NOAA pilot program providing grants to pet and animal food companies to develop supply chains for blue catfish harvested from the Chesapeake Bay.

Under the MAWS Act, NOAA would administer grants to pet and animal food manufacturers to use the invasive blue catfish which is threatening the Chesapeake Bay on the Atlantic coast of the U.S.

Study: Novel postbiotic ingredient cuts dog itching by 20%

New indole-rich postbiotic is said to offer a science-backed solution for canine skin health that outperforms existing probiotic alternatives by 2.5 times.

A new clinical trial found that dogs receiving an indole-rich postbiotic showed a 20% reduction in scratching and 27% improvement in perceived itching compared to placebo in just 14 days.

WH Group enters European pet food market by acquiring Poland’s Pupil Foods

Pupil Foods specializes in wet and dry cat and dog foods, supplying European markets including the United Kingdom, Germany, Hungary and Serbia.

Dall·e 2024 11 26 09 14 51 A Realistic Cgi Image Of A Cat Dressed As A Stock Broker The Cat Is Wearing A Tailored Business Suit With A Tie, Sitting At A Modern Desk Surrounded

Natoo donates 54,000 meal toppers to support shelter animals

Natoo Pet Foods

Pet food manufacturer partners with Greater Good Charities to distribute $82,300 worth of protein-rich toppers to shelter animals nationwide.

Natoo Meal Topper

i‑Tail Corporation names Tin Shu Chan as CEO

Veteran from Thai Union steps in as i‑Tail prepares for its next global expansion.

Carbs may not increase cats’ body fat or insulin resistance

While carbohydrates have a bad reputation in current human and pet diet trends, evidence suggests that carbs may not always be metabolic villains.

Modernist Painting Of A Humanoid Cat In A Lab Coat Observing A Donut In An Erlenmeyer Flask On A Bunsen Burner The Cat Is In A Laboratory

Petfood Forum News

Petfood Forum 2025: Innovation, trends unleashed

Join industry leaders in Kansas City for a deep dive into emerging pet food research, technology and sustainability.

Concurrent education sessions will cover AI in pet food, the pet microbiome, functional ingredients, novel proteins, innovative processing technologies and more.

Page 1 of 634