Proof of the recession-resistant market is PetSmart , whose stocks from the beginning of 2009 have risen 21%.
PetSmart beat expectations by controlling expenses and driving traffic to its stores through sales and other promotions, according to analyst Mike Baker, in addition to the need-based nature of petfood.
"We are executing well despite the economic climate and continue to define the pet specialty customer experience," chairman and chief executive Philip Francis told analysts in the article.
By Greg Aldrich, Ph.D.
The options for plant-based proteins in pet food are expanding all the time.
By Debbie Phillips-Donaldson
Despite the pandemic and economic turmoil, pet food saw healthy sales increases in 2020, as did market leaders.