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.
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.