Nestlé Annual Report and Pet Food Information Findings.
To help with my project I decided to find some secondary information. You can find secondary information from such places as the internet, television, books and annual reports.
For this piece of secondary data I sent off for the Nestlé annual report for 2000/2001 and found the following information:
Pet Care
Pet owners are increasingly aware of the impact of nutrition on the health and well-being of their pets. Nestlé’s strategy of applying human nutrition know-how to pet food creates strong competitiveness in this environment. The rapid expansion of dog foods with chicory (a natural source of inulin for improved digestive health) across markets and product formats was the most significant example of this strategy at work, and was complemented by new ranges with proven benefits to dental health and skin and coat condition.
Sales in Europe improved in 2000. The digestion and dry dog food range with chicory was extended wet and treat products. The expansion of Vital Balance premium dog and cat food in the grocery channel and Lifeplan premium cat food in the specialist channel, both with proven benefits to pets’ well-being, also contributed to this growth.
Acquisitions
In Argentina, Nestlé acquired Cargil’s petfood business including the leading brands ‘Dogui’ and ‘Gati’.
In January 2001 they made an agreed offer, subject to approvals for Ralston Purina, the premier pet care company in North America. Their business is highly complementary to our existing business, both in the Americas and internationally, they plan to make Nestlé a world leader in the fast growing pet care industry.
Profit
The improving trend in profitability of prepared dishes, cooking aids and pet care continued with a 5% increase in trading profit, lowered by the divestiture of Findus business in Europe. The profitability of pet care decreased slightly, due to an intensification of competition in North America and substantial marketing investments to develop their positions in Latin America.
Capital Expenditure
Capital Expenditure decreased from CHF 464 million in 1999 to CHF 390 million. They increased the capacity of some frozen food facilities in the US in response to the success of the Stouffer’s brand. They also invested in their pet care business in Europe and Brazil, as well as generally in line rationalization and productivity related improvements.
![order now](https://nursinghomeworkhelps.com/wp-content/uploads/2023/07/order-now.jpg)