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Hill’s Pet Nutrition Q3 Sales Dips 2%
Posted: October 29, 2010, 1 p.m.
Hill’s Pet Nutrition, a division of Colgate-Palmolive, reported revenue of $521 million for its third quarter ended Sept. 30, a decrease of 2 percent when compared to revenue of $531 million in the year-ago period.
Organic sales declined 1.5 percent during the quarter. Operating profit increased 1 percent during the quarter as lower sales and higher material costs were offset by benefits from cost-savings initiatives and lower advertising, according to the company.
Recent new product introductions succeeding in the United States, according to Hill’s, included Science Diet Small and Toy Breed Canine, Science Diet Healthy Mobility Canine and Prescription Diet j/d Feline.
New pet food products contributing to international sales included Science Diet Small and Toy Breed Canine and Science Plan Vet Essentials Canine and Feline.
Year to date, Hill’s reported revenue of $1.5 billion, compared to revenue of $1.6 billion in the year-ago period.
Overall, Colgate-Palmolive reported net income of $619 million on revenue of $3.9 billion for its third quarter, compared to net income of $590 million on revenue of $4 billion in the year-ago period.
Year to date, the company reported net income of $1.6 billion on revenue of $11.6 billion, compared to net income of $1.7 billion on revenue of $11.2 billion in the year-ago period. <Home>
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Hill’s Pet Nutrition Q3 Sales Dips 2%
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