Cat owners are spending more and boosting pet retailers
Cat food and product sales are rising, boosting retailers like General Mills (GIS), Chewy (CHWY), and Petco (WOOF). According to the companies, cat ownership increased 5% in 2025, driving demand. General Mills reported double-digit growth in cat food sales, while dog food sales declined. Chewy and Petco also noted strong cat product sales in their recent earnings calls.
How this was made
The 30-second read
Why it matters
The earnings commentary suggests a reallocation of pet‑category revenue toward cats, which may improve margins for companies with strong cat portfolios.
Market read
Cat‑product growth provides a modest bullish catalyst for pet‑sector stocks.
What to watch
Potential supply‑chain constraints and price sensitivity for pet owners.
Background
Rising cat ownership and shifting consumer preferences are driving cat‑product sales, while dog sales lag.
Ticker impact
General Mills reported double‑digit growth in cat food sales during its latest earnings call.
Potential modest upside as investors re‑rate pet‑food growth.
Growth in a niche category signals incremental revenue; however, dog‑food weakness tempers the effect.
Chewy highlighted strengthening cat sales and weakening dog sales in its recent earnings discussion.
Likely supportive for the stock if the trend continues.
Management’s focus on cat segment suggests strategic upside, but overall pet market softness remains a risk.
Petco reported strong cat‑product sales and a new cat treat brand in its second‑quarter earnings call.
Potential modest price appreciation on the back of cat‑segment growth.
New product launches and category tailwinds provide a positive catalyst, though dog‑segment weakness persists.
Market effects
Pet‑food and pet‑retail sectors may see a shift toward cat‑focused product lines.
U.S. consumer spending trends on pets could influence broader retail sentiment.
Cat‑ownership growth may affect multinational pet‑product manufacturers.
Counterpoint
Dog‑food weakness could outweigh cat‑segment gains, limiting upside.
Key entities
- CompanyGeneral Mills
Food company with a growing pet‑food segment.
- CompanyChewy
Online pet‑product retailer.
- CompanyPetco Health and Wellness Company
Pet retailer expanding cat product offerings.
