Sales of J.M. Smucker’s pet food business decline
For its fiscal year 2021, the company’s pet food business recorded net sales of $2.84 billion, a 0.9% decline compared to the year before.
During this last year, J.M. Smucker’s sold multiple brands: Natural Balance (which used to generate $220 million in net sales) and Crisco. These divestitures played a role in th…
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