Cat Owners Lift Pet Retailers as Dog Sales Keep Sliding
General Mills posted double-digit cat food growth while dog food fell sharply, as cat ownership climbs and Chewy and Petco report the same feline-led split.
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General Mills posted double-digit cat food growth while dog food fell sharply, as cat ownership climbs and Chewy and Petco report the same feline-led split.
Chewy touts gross margins up from 18% at IPO to ~30% today, while Petco pitches two straight quarters of positive comps as proof…