US pet product supplier Central Garden & Pet Company reported 2014 first-quarter net sales of US$290.5 million, compared with US$292.5 million in the first quarter of 2013. The company's first-quarter operating loss improved to US$8.4 million, compared to an operating loss of US$13.1 million in the comparable period of 2013, according to the company.
"Our first quarter showed some improvement," said John Ranelli, president & CEO of Central Garden & Pet. "Our focus on the customer and operational and financial fundamentals is beginning to yield results. I am pleased we are starting to see improved performance from the changes we are making."
Net sales for the garden segment increased US$8.6 million, or 9% from the same period in 2013, to US$105.9 million. The garden segment's branded product sales were US$92.8 million and sales of other manufacturers' products were US$13.1 million. First-quarter net sales for the pet segment declined US$10.6 million, or 5% from the same period in 2013, to US$184.6 million. According to the company, lower sales of wild bird feed and aquatics products were the most important reasons for the declining sales.
The pet segment's branded product sales were US$140.5 million and sales of other manufacturers' products were US$44.1 million. The pet segment's operating income was US$14.4 million, compared to US$10.2 million in the same period in 2013, according to the company.
Pet owners want a lot from their pet food brands. They want primary proteins that suit what they believe is best for their animal. They want grains or they don't. They want something customized, but it has to be easy to understand.
Constraints and crises, like those experienced in 2020, help drive innovation and sustainability offers context.