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.

The company’s PetCare business made up 15% of its annual revenue and accounted for 28.3% of net sales in North and South America alone.

The company stated the potential impacts of COVID-19 on its revenue and supply chain remain uncertain.

The company presented its new five-year growth plan and shared its fourth quarter and full-year earnings from 2019.

Net sales were down for the company overall, as well as in premium dog food and pet treats, with the cat category maintaining steady growth.