Page 13 - PET worldwide issue 2/2021

Chewy reports 7.15 bn dollars in net sales NEW

ated for the first time in the quarter,
amounting to 21 mio dollars, in- The
cluding share-based compensa- perfect
tion expenses of 24 mio dollars. catch
Full-year net sales came to
7.15 bn dollars, up 47 per cent for yo r
year over year. However, Chewy
also reported a net loss of 92.5 chaser
mio dollars, including stock-based
compensation expenses of 129.2
mio dollars.
CEO Sumit Singh is pleased with a successful Chewy year. “2020 was a challenging
and unpredictable year in which
Chewy has released its financial results, net revenue for the fourth Chewy performed well and made
results for the fourth quarter and quarter was 2.04 bn dollars and significant strategic and opera-
full year 2020, which ended on increased 51 by per cent year over tional progress,” said CEO Su-
January 31, 2021. According to the year. Positive net income was gener- mit Singh.

Yarrah introduces recyclable packaging

Yarrah Organic Petfood is the diate effect. Its bags will thus be just one type of plastic, render-
first Dutch manufacturer of or- completely recyclable. ing them fully recyclable.
ganic dog and cat food to intro- The new bags of the two The new bags can be
duce recyclable packaging. The Yarrah brands Yarrah and Dano melted down by waste process-
company has announced that all came onto the market in April. ing companies and reused for
packaging for dry food is to con- They are made of monopolyeth- new products.
sist of monoplastic with imme- ylene, a material consisting of

Alvar opt for sustainable

alternatives

As the canine population in- more sustainable
creases in many countries, the alternatives such
number of direct mailing com- as potatoes, oats
panies selling dog food is rising and Baltic herring.
too. One of the latest suppliers to As a result, the
emerge is Finnish start-up com- food and its com-
pany Alvar. ponents, along
The company aims to re- with manufacture
duce the CO pawprint of dogs and delivery of the 85% fresh meat
2 Alvar has now unveiled its low-emission dog food
significantly. According to Alvar, products, generate in the German pet supplies market. 15% holistic ingredients
the pet food recipes it retails re- 84 per cent fewer 0% grain and potatoes
place high-emission ingredients emissions compared with other are developed by the in-house
such as rice, lamb and beef with premium brands. The recipes team. Di cover more:
leonardo-catfood.com

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