Growth is attributed to double-digit sales increases for dog and cat food, 25% sales growth for wet pet food and 40% growth for pet treats over the quarter.
While its pet food segment remains The J.M. Smucker Company’s most profitable business, cat food and dog treats are outperforming the company’s premium dry dog foods by leaps and bounds.
The company’s Kitchens 2.0 came online in late October, just one facet of a slew of upcoming capacity expansions expected to drive the company forward.
Many pet food companies took this year’s theme to heart, debuting pet nutrition innovations that speak to numerous evolving trends throughout the industry.