Procter & Gamble ended its fourth quarter of the fiscal year with net sales of US$18.9 billion, an increase of 5% over the previous year.
Overall sales for fiscal year 2010 grew by 3% to US$78.9 billion. Growth was recorded in the snacks and pet care segments, where net sales increased by 1% to US$3.1 billion. As a result of the higher net sales, increased margins and a lower tax rate, net earnings in the snacks and pet care segments also rose to US$326 million.
By Lindsay Beaton
Pet food safety is top-of-mind all along the production line, and everything from the ingredients to the equipment must offer solutions.
By Debbie Phillips-Donaldson
Many hours, efforts, dollars and brainpower go into pet food companies’ and regulatory bodies’ efforts to ensure that products on the market are safe and healthy for pets.