Net sales for its pet food business dropped 13%, yet retail sales for Meow Mix rose 3% during the quarter.

Third quarter net sales for the segment dropped 9% compared to the prior year. 

Net sales for the company’s pet foods division were flat for the first quarter of the 2025 fiscal year.

The company shared its short- and long-term strategies for its new dog and cat food division.

Global Location Strategies has compiled a comprehensive cost-benefit analysis of various metro locations across the United States.

According to Freshpet, 2023 marks the company’s sixth consecutive year of net sales growth exceeding 25%.

The pet food division reported the highest annual organic growth rate across the company.

The company will invest up to $100 million in fiscal 2024 to support the new business segment.

The company sees light at the end of the tunnel, with promising developments among its snacking and pet food segments.

The company reported its fourth-quarter and full-year 2023 earnings on Nov. 16.