Hill’s Pet Nutrition reported a strong Q3 2024 performance, with net sales reaching $1.13 billion, marking a 6.3% increase year-over-year and contributing 22% of Colgate-Palmolive’s total sales. Operating profit surged 28% to $258 million, driven by a 6.5% rise in organic sales and a 3.6% increase in organic volume. The brand continues to expand into high-growth segments, such as wet pet food, supported by capacity expansions and supply chain optimization. Colgate-Palmolive’s overall sales grew 2.4%, with organic sales rising 6.8%, and the company raised its 2024 net sales growth outlook to 3-5%, reflecting strong execution and strategic investment.
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