The company’s pet segment saw continued growth in net sales, household penetration and market share in the fourth quarter and throughout its fiscal year 2020.

The e-commerce pet product platform reported a net loss of $47.9 million and net sales of $1.62 billion.

The company has decided to stop sharing its quarterly earnings, opting to only publicize annual revenue and operating cash flow reinvested back into the company.

The company reported its fourth quarter and fiscal 2020 earnings, showing strong growth in retail businesses and e-commerce but sharp declines in away-from-home sales.

The company reported positive full-year sales growth following two acquisitions in 2019.

At-home foods consumption remains a stronghold for the company as it faces drastic consumer behavior shifts amid COVID-19.

The company maintains full-year guidance despite an anticipated $4 million cost to address challenges presented by the pandemic.

The company’s PetCare segment increased net sales by 8.7% and drove double-digit sales growth in all three of Nestlé’s geographic regions.

The company has updated and improved its fiscal 2020 guidance after seeing increased demand from COVID-19.

The e-commerce platform reported a 35% year-over-year increase in sales for the fourth quarter of its fiscal 2019.