The company said fiscal 2009 sales will grow 9% to 11% over 2008. It is the second time in three months Del Monte has lifted its sales outlook.
Del Monte boosted prices for its petfoods to shore up its profit margin. For the quarter ending on January 25, petfood sales rose 15% on new Meow Mix items and Kibbles 'n Bits dry petfood products.
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.