Hill’s Pet Nutrition Drives Sales Growth for Colgate-Palmolive in Q1 2024

Hill’s Pet Nutrition, a subsidiary of Colgate-Palmolive, has been a major contributor to the parent company’s sales growth in the first quarter of 2024. According to reports, Hill’s made up 22% of Colgate’s sales growth, with the pet segment accounting for 3.9% of the company’s net sales.

In the first quarter of 2024, Colgate reported $1,102 million in net sales for its pet division, showing an increase from the previous year. Hill’s profits for the same period were $199 million, marking a 9% increase from 2023. Hill’s Pet Nutrition offers over 300 products and operates in more than 80 countries worldwide through authorized retailers and veterinarians.

Recent news about Hill’s Pet Nutrition includes an analysis that found no clear correlations between copper levels in dogs’ livers and their diets, the opening of a new facility to boost wet pet food innovation, and a lawsuit alleging manipulation by Hill’s and veterinarians regarding the risk of heart disease from certain dog foods.

With its continued growth and innovation in the pet food industry, Hill’s Pet Nutrition remains a key player in the market, driving sales for its parent company, Colgate-Palmolive.