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Home PET NEWS

Hill’s Pet Nutrition net sales at US$3.311 mil in 2021

Doggone Well Staff by Doggone Well Staff
February 17, 2022
in PET NEWS
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Hill’s Pet Nutrition net sales at US.311 mil in 2021
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Adapted from a press release:

Net sales for Colgate Palmolive’s pet segment, essentially Hill’s Pet Nutrition, reached US$3.311 million last year. In 2020, Colgate’s pet segment net sales stood at US$2.883 million. Pet segment operating profits grew to US$901 million in 2021 from US$793 million in 2020.

Company-wide sales for Colgate Palmolive finished at US$17.421 million in 2021, compared to US$16.471 million in 2019, a 6% change. 

For the final three months of last year, Hill’s Pet Nutrition accounted for 12% of overall increased sales for Colgate Palmolive. That percentage climbed to 15% of positive sales change for the whole of 2021.

In 2021, Hill’s Pet Nutrition made up 20% of overall Colgate Palmolive sales worldwide. In particular, Hill’s sales fueled organic growth in the United States and Europe. The increase in operating profit as a percentage of net sales was primarily due to higher pricing, cost savings from decreased advertising investment, lower overhead expenses despite increased logistics costs and other factors. Significantly higher raw material and packaging costs dragged on growth.

“We were pleased to finish 2021 with a continuation of our strong growth momentum, particularly in our oral care and pet nutrition businesses, both of which delivered an acceleration in net and organic sales growth in full year 2021 versus 2020, CEO Noel Wallace told investors in an earnings call on Jan. 28.

Recent news about Colgate Palmolive’s pet segment

Hill’s Pet Nutrition announces sponsorship of the Negro Leagues Baseball Museum

Hill’s Pet Nutrition continues annual End Pet Obesity campaign

 

Alton Brown joins mission to end pet obesity

 

Hill’s seeks cultured meat pet food ingredient from Bond

Tim Wall covers the dog, cat and other pet food industries as senior reporter for WATT Global Media. His work has appeared in Live Science, Discovery News, Scientific American, Honduras Weekly, the Columbia Missourian, Global Journalist and other outlets. He holds a journalism master’s degree
from the University of Missouri – Columbia and a bachelor’s degree in biology.

Wall served in the Peace Corps in Honduras from 2005 to 2007, where he helped the town government of Moroceli to organize a municipal trash collection system, taught environmental science, translated for medical brigades and facilitated sustainable agriculture, along with other projects.

Contact Wall via https://www.wattglobalmedia.com/contact-us/



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