In this piece, we’ll take a look at the 5 Biggest Pet Food Companies in the World. For more such companies, go to 15 Biggest Pet Food Companies in the World.
5. Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)
2021 annual revenue: $5.8 billion
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) is a pet food and treats manufacturer. The company provides clients with natural products that assure the well-being of their dogs by offering a wide choice of natural and holistic pet food products such as baked dog biscuits, cat foods, gourmet treats, canned eatables, and vitamins. Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) manufactures proprietary and exclusive formulations in three state-of-the-art facilities in Indiana, Minnesota, and the Netherlands. It is supported by a global supply chain with over 1.2 million distribution points. Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) revenue in 2021 was reported at $5.8 billion.
Baron Funds made the following comment about Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in its Q3 2022 investor letter:
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) is a pet supply retail chain. Shares were down during the quarter as the company reported earnings that missed analyst expectations. Strong sales in pet food and pet services (two categories that tend to be less discretionary) were more than offset by softer-than-expected sales in non-essential supplies and companion animals (both of which tend to be more discretionary). Given management’s expectation for continued consumer spending softness, the company lowered profit guidance for the remainder of the year. While pet food and pet services carry a higher lifetime value for Petco, these categories are also lower margin and so the mix shift towards these categories will be a shortterm drag on profitability. Despite these short-term challenges, we remain positive on Petco’s long-term growth prospects. Weakness in supplies and companion animals has been temporary in prior economic slowdowns and, as a result, should rebound over the coming quarters. At the same time, services continue to expand nicely as the company grows its veterinary practices. Lastly, Petco’s new store concept targeting rural communities is off to a strong start, setting the stage for a second growth concept going forward.
4. The J.M. Smucker Company (NYSE:SJM)
2021 annual revenue: $8.00 billion
The J.M. Smucker Company (NYSE:SJM) was formed in 1897 in Ohio. The company produces and promotes branded food products worldwide. The J.M. Smucker Company (NYSE:SJM) operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company’s U.S. Retail Pet Foods segment manufactures cat and dog food and treats. The J.M. Smucker Company (NYSE:SJM) reported $8.00 billion in sales for the fiscal year 2021.
3. Nestlé Purina PetCare Company
2021 annual revenue: $16.40 billion
Headquartered in St. Louis, Missouri, Nestlé Purina Petcare is a subsidiary of the Swiss company Nestlé. Nestlé Purina PetCare Company manufactures and markets pet food, treats, and cat and dog litter products. As of 2021, Nestlé Purina Petcare is the world’s second-biggest pure-play pet food company and the biggest in the United States. The company’s revenue for 2021 stood at $16.40 billion.
2. General Mills, Inc. (NYSE:GIS)
2021 annual revenue: $18.12 billion
General Mills, Inc. (NYSE:GIS) is a global leader in manufacturing and marketing branded consumer foods, with more than 100 brands across six continents. General Mills, Inc. (NYSE:GIS) operates under four business units: North America Retail, International, Pet, and North America Foodservice. The company offers various pet food products that provide great taste, nutrition, convenience, and value for money. General Mills, Inc. (NYSE:GIS) sales for the fiscal year 2021 were reported at $18.12 billion.
In its Q2 2022 investor letter, Chartwell Investment Partners, an asset management firm, highlighted a few stocks and General Mills, Inc. (NYSE:GIS) was one of them. Here is what the fund said:
In the Dividend Equity accounts, the three best performers in Q2 includes General Mills (NYSE:GIS, 3.2%), up 12.2%. General Mills benefitted from the combination of being in a very defensive industry as well as demonstrating solid business momentum; margins have been particularly impressive, following price increases.
1. Mars Petcare, Inc.
2021 annual revenue: $19.00 billion
Mars Petcare, Inc. is one of the world’s leading pet care companies. The company manufactures and sells dry pet foods, soft treats, and dog biscuits under Royal Canin, Cesar, Pedigree, Whiskas, and other brands. Mars Petcare Inc. is also a leading veterinary health provider, with over 2,000 pet hospitals and diagnostic services worldwide. Mars Petcare, Inc.’s revenue in 2021 was reported at $19.00 billion.
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