After Nestlé’s Powdered & Liquid Beverages, Purina PetCare is in second place of the company’s most-profitable segments. The company could record the highest real internal and organic growth across all divisions with RIG of 2.9% and organic growth with 15%.
At the company’s presentation at the Consumer Analyst Group of New York (CAGNY) Conference, it revealed plans of investments valuing 3 billion CHF ($3.5 billion USD) from 2022 to 2025 in the pet business.
Furthermore, e-commerce sales for the total business increased by 13.5% in the first 6 months of this year and represents 16.7% of the company’s total sales.
“…We look towards the second half and the year 2024 with confidence,” said CEO Mark Schneider. “Very importantly, after several years of day-to-day crisis management, we have seen signs of further normalization in our operating environment in the first half. This allows us to be more strategic and more forward-looking in the way we manage our business.”