BUSINESS - Top 25 Pet Retailers

The pet market has experienced more than 20 years of consecutive sales growth and Pet Business Magazine has released its latest edition of the top businesses in that sector.

Their Top 25 Pet Retailers are ranked based on the number of outlets they operate in North America.

The story of 2016’s leaders? Expansion.

The number of stores encompassed by the Top 25 grew by more than 500 units over the past 12 months, which represents a 10 percent increase since the last edition of the list was compiled in early 2016.

Clearly expansion is an accelerating trend - the Top 25 store count only grew by five percent over the previous 10 years.

For the first time, numbers one and two on the list, PetSmart and Petco, were not responsible for adding the most stores.

Number three, Markham Ontario based Pet Valu opened the most stores with 150.

There were also a number of mergers/acquisitions in 2016 which contributed to the growth of companies.

Rounding out the top five are Pet Supplies Plus and Canadian-based Global Pet Foods.

As well as opening more stores, industry leaders like PetSmart are focusing on ecommerce and service expansion with revamped store concepts.

Bentley’s Pet Stuff, Kriser’s and Earthwise Pet Supplies are all new additions to the list this year.

See all of the Top 25 - read the entire article.

P&G Announces Results for the Fourth Quarter of Fiscal 2013

The Procter & Gamble Company reported fiscal year 2013 diluted net earnings per share from continuing operations of $3.86, up 24% versus the previous year. Core earnings per share were $4.05, an increase of 5% versus the prior year. Net sales were $84.2 billion, an increase of 1% including a negative two point impact from foreign exchange. Organic sales grew 3% for the fiscal year. 

"The Company met its objectives for the 4th quarter and fiscal year, and we build on these results in fiscal 2014," said chairman, president and CEO A.G. Lafley. "With an overriding focus on value creation, we will strengthen and accelerate productivity plans."

For fiscal year 2014, P&G expects organic sales growth in the range of 3-4% compared to underlying global market growth of about 3.5%. All-in sales growth is forecast in the range of 1-2% including a negative foreign exchange impact of approximately 2%. Core earnings per share are expected to grow in the range of 5-7%, equal to the fiscal 2013 growth at the low end of the range and within the Company's long-term, annual growth objectives at the high end of the range. 

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