Pet Industry News
The deals, launches, and strategic moves behind the brands and operators shaping the industry.
Escalade Buys ASL Solutions, Betting on Pet Hard Goods
Escalade, the public sporting goods company behind Goalrilla and STIGA, has acquired ASL Solutions, a founder-owned manufacturer of insulated dog and cat houses. The deal, terms undisclosed, hands Escalade a rotational molding capability it didn't have before and marks its first move into pet hard goods.
Spectrum Brands Raises Guidance on an EBITDA Beat Inflated by Tariff Refunds
Spectrum Brands posted a headline EBITDA jump of 106.7% in fiscal Q3, but roughly three-quarters of that growth came from a one-time tariff refund. Global Pet Care grew a steadier 2.9% organic, and the company raised full-year guidance regardless.
HOLY CAP Pushes Medicinal Mushrooms Into the Lickable-Treat Format Churu Owns
HOLY CAP, a Hong Kong-founded pet wellness brand, is expanding its dual-extracted mushroom lickable treats from Amazon into Chewy and Healthy Spot, with a SuperZoo debut on August 12th. The move tests whether a format built for palatability, not supplements, can carry a functional-nutrition brand at retail scale.
A Third CEO Change Hits Pet Food in Three Weeks
Dan Waters, the former CEO of Enjoy Life Foods, has been named chief executive of I and love and you, following the company's acquisition of Made by Nacho and the hiring of Bobby Flay as chief culinary officer. It's the third pet-food leadership change The Underbite has tracked in the past three weeks, all involving executives from outside the pet industry.
Zoetis Posts Flat Q2 Revenue as Pet-Spending Softness Persists
Zoetis reported flat second-quarter revenue and $691 million in net income, its second soft quarter in a row after missing estimates and cutting full-year guidance in Q1. The results suggest animal health's largest company is still working through softening veterinary-visit volume and pricing pressure in companion-animal products.
The Farmer's Dog Buys Beyond the Bowl, Betting on One of Pet's Fastest Growers
The Farmer's Dog has agreed to acquire Woof, the enrichment and wellness brand behind the Pupsicle toy, in its first acquisition outside nutrition. Terms were undisclosed, but the deal marks the company's first move into pet enrichment, buying one of the industry's fastest-growing brands.
Central Garden & Pet Raises Guidance Despite an 8% Sales Drop
Central Garden & Pet's fiscal Q3 sales fell 8% as it exited a low-margin pet-distribution business, but organic sales grew and margins expanded across the board. The company raised its full-year profit guidance for the second time this fiscal year.