As major retailers drew down their inventories throughout 2022 in an attempt to fend off high inflation, they hit pause on re-ordering Blue Buffalo pet food. That took General Mills by surprise. Pet food sales for the Golden Valley-based company stopped growing this fall as the inventory reduction added to […]
Mills
In an earnings call, General Mills CEO Jeff Harmening said pet sales were hampered by “an unexpected headwind… in the form of inventory reductions at some key retailers,” as well as capacity and customer service challenges that had carried over from the first fiscal quarter. “As a result, while our […]