US pet food, treats make up 39% of Smucker net sales FY19

U.S. retail pet food sales, including Ainsworth Pet Nutrition products, made up 39% of all fiscal 2019 net sales for J.M. Smucker.

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The Rottweiler was the most searched for dog breed in 34 countries in 2020. (denisfilm | Bigstock.com)
The Rottweiler was the most searched for dog breed in 34 countries in 2020. (denisfilm | Bigstock.com)

U.S. retail pet food sales made up 39% of all fiscal 2019 net sales for J.M. Smucker. Pet specialty now accounts for 6% of all Smucker retail sales, including Ainsworth Pet Nutrition products. The company released financial results on June 6.

Smucker’s dog, cat and other pet food and treats achieved net sales of US$2.9 billion in fiscal year 2019, up from US$2.2 billion in 2018. In the fourth quarter, Smucker pet segment sales hit US$721.2, an increase of 35% over the same period in the previous year. However, if Ainsworth sales are excluded, Smucket pet segment net sales declined US$12.1 million.

Smucker’s pet food and treat segment profits for fiscal year 2019 stood at US$503.4 million, compared to US$439.4 million in 2018. Fourth quarter profits were US$131.2, a 29% increase over the previous year. Excluding Ainsworth, segment profit decreased US$5.1 million.

The decline in Smucker’s pet segment, excluding Ainsworth, included a US$16.4 million decline related to exit of some private label businesses and the remaining effects from the discontinuation of Gravy Train wet dog food products.

Volume/mix reduced net sales by 3 percentage points. Private label businesses’ exit and declines for the Milk-Bone brand were partially offset by gains for the Meow Mix and Nature’s Recipe brands. Net price realization was neutral, primarily due to gains for the Milk-Bone brand being offset by declines for the Natural Balance brand.

About J.M. Smucker pet segment

Smucker runs processing plants in Decatur, Alabama, Lawrence, Kansas, and Buffalo, New York, according to Petfood Industry’s Top Pet Food Companies Current Data. Both a processing plant and distribution center are operated at locations in Topeka, Kansas, and Bloomsburg, Pennsylvania. In addition to its own brands, Smucker produces and distributes private-label pet products, and utilizes co-packers and re-packers in the US, Canada and Thailand.

  • Annual Revenue 2018: US$2,900,000,000
  • Production Plants 2018: 6
  • Employees 2018: 2,775
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