Central Garden & Pet Co . released results for its second quarter ended March 27.
Net sales for the pet products segment were US$222 million, a decrease of 3% compared to the year-ago period. Branded product sales were US$183 million, a decrease of US$7 million compared to last year.
The company accredited the decline in sales to decreased sales of animal health products, which stemmed from a supply issue for one product line. The line is expected to continue at a reduced level through the company's third fiscal quarter.
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.