Purina’s global sales grow by 14.4%
Nestlé’s pet portfolio is once again the largest contributor to organic growth in the first 9 months of 2022, with good performance in North and Latin America.
The Switzerland-based multinational said that the Purina Pro Plan, Purina ONE, and Fancy Feast are experiencing a “continued momentum.”
The company’s pet care brands reached global sales of CHF13.2 billion (€13.4B) against CHF11.3 billion (€11.5B) in the same period of 2021.
The pet category represents the second-biggest sales increase of the giant until September, just behind the water portfolio, which posted 15.1% more sales.
“We delivered strong organic growth as we continued to adjust prices responsibly to reflect inflation. The challenging economic environment is a concern for many people and is impacting their purchasing power,” Nestlé CEO Mark Schneider said to investors.
Regional performance
Nestlé said they earned a market share in North America, led by pet food. Reported group sales in the region increased by 11.2% to CHF19.1 billion (€19.4B).
Global sales in Latin America increased by 16.6% to CHF8.6 billion (€8.7B), with “strong development” for Purina in Mexico. Purina brand grew at a double-digit rate in the region, led by Dog Chow, Cat Chow, and Purina Pro Plan.
In Europe, Nestlé registered an increase in revenue of just 1.7%. “The key growth driver was Purina PetCare, fueled by premium brands Gourmet, Purina ONE, and Purina Pro Plan,” the company said.
In Asia, Oceania, Africa (AOA), and Greater China, the pet portfolio recorded high single-digit growth.
Nestlé also updated its full-year 2022 outlook, and now it expects growth in organic sales of around 8%.
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