General Mills’ pet segment reaches $1.73 billion
For its last fiscal year that ended May 30th, the company saw an increase in its pet segment revenue of 2%.
Their BLUE brand continued to win with pet parents in fiscal 2021, with full-year retail sales up double digits and a strong increase in market share. Profit was up 6% compared the the year prior, reaching $415 million (€ 350M).
The fourth-quarter net sales were up 5 percent. The pet segment operating profit was down 24 percent to $103 million (€87M), primarily driven by lower volume and higher input costs, partially offset by lower SG&A expenses and favorable net price realization and mix.