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H&H Group’s Pet Nutrition and Care revenue fell 3.6% to RMB 1.53 billion in the first nine months of FY2026, with its mainland China pet portfolio down 36.3%. North American PNC revenue rose 9.3% on a like-for-like basis, while pet supplements revenue increased 3.5% on a reported basis across the group’s pet business.
H&H Group’s Pet Nutrition and Care segment reported revenue of RMB 1.53 billion for the first nine months of FY2026, down 3.6% year over year, as its pet portfolio in mainland China contracted 36.3%. By contrast, North American PNC revenue grew 9.3% on a like-for-like basis, showing sharply different regional performance at the Hong Kong-based company.
The segment’s third-quarter revenue was RMB 442 million, down 13.5% from the same quarter a year earlier. On a like-for-like basis, which adjusts for comparison factors, Q3 revenue declined 9.3%. Pet supplements accounted for RMB 335.8 million of the quarter’s revenue, falling 13.1% year over year, or 8.4% on a like-for-like basis.
For the nine-month period, pet supplements revenue rose 3.5% to RMB 1.19 billion on a reported basis. Like-for-like growth for the category was 8.1%, compared with 0.2% growth for the PNC segment overall. The difference between reported and like-for-like figures reflects distinct comparison measures; the company’s release does not provide a detailed reconciliation in the supplied report.
H&H said mainland China pet revenue fell 36.3% over the nine months. It said Solid Gold, its pet food and supplements brand, contributed 46.8% of PNC revenue in that market as the company focused on higher-margin products. In North America, Zesty Paws sales rose 8.8% and Solid Gold sales rose 7.3% on a like-for-like basis over the same period, according to the company.
China Weakness Offsets North American Growth
The regional split matters because aggregate segment figures conceal a substantial difference in performance between H&H’s markets. A 36.3% decline in mainland China contrasted with North American like-for-like growth, while the PNC segment still recorded a reported decline for the nine-month period. Those results point to uneven demand and market conditions across the company’s pet business, rather than a uniform change in sales.
The category mix also provides a measure of resilience: pet supplements grew 3.5% on a reported basis over nine months even as total PNC revenue fell. For investors and industry observers, the figures will help show whether growth in North America and supplements can offset continued weakness in China. H&H’s next results will clarify whether the differences persist beyond this reporting period.
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Quarterly Decline and Nine-Month Trend
In Q3, H&H attributed the year-over-year decline in PNC revenue partly to the timing of promotional events, including Amazon Prime Day, and to differences in when retail accounts launched or expanded compared with Q3 2025. These explanations are the company’s account of the quarter’s performance; the report does not quantify how much each timing difference affected revenue.
The pet business was part of a larger group that reported Q3 revenue of RMB 4.75 billion, up 25.5% on a reported basis and 25.8% like-for-like. Nine-month group revenue rose 24.5% to RMB 13.45 billion, with H&H attributing the increase primarily to its Adult Nutrition and Care and Baby Nutrition and Care segments. The group-wide rise therefore does not mean its pet segment grew.
“The Q3 decline was primarily attributable to differences in the timing of key promotional events, including Amazon Prime Day.”
— Akash Bedi, H&H Group CEO and CEO for North America, the Middle East and India, as reported by GlobalPETS
Drivers Behind the Regional Gap
The report gives H&H’s explanations for Q3, but does not establish how much of the decline came from promotional timing, retail-account timing, or underlying demand. It also does not detail the specific causes of the 36.3% mainland China decline, or state whether that rate was reported or like-for-like. The available figures do not show how much North American growth came from volume, pricing, distribution changes, or other factors.
H&H’s comments about demographic change, rising pet populations, and interest in premium nutrition and pet humanisation describe the company’s view of North American demand. The report does not provide independent market data to measure those factors or demonstrate their contribution to sales. The figures cover only the first nine months of FY2026, so they do not establish the full-year outcome.
North American Brand Expansion Plans
H&H said it would support growth during the remainder of 2026 with strategic product launches and targeted marketing. In North America, its stated priorities are to expand Zesty Paws distribution and introduce products in new categories, while developing Solid Gold in higher-margin categories and e-commerce channels.
The next company results should show whether those initiatives gain traction and whether North American growth continues. They should also provide a further reading on the China business and on the effect of promotional and retail-launch timing, which H&H cited as factors in the Q3 comparison.
Key Questions
How much did H&H’s pet segment revenue fall?
PNC revenue declined 3.6% on a reported basis to RMB 1.53 billion in the first nine months of FY2026. In Q3 alone, it fell 13.5% year over year to RMB 442 million.
How did H&H’s pet business perform in China?
H&H reported that its mainland China pet portfolio revenue fell 36.3% over the first nine months of FY2026. The report does not specify a separate like-for-like figure for that regional decline.
Did H&H’s pet business grow in North America?
Yes. North American PNC revenue grew 9.3% on a like-for-like basis over the first nine months. Zesty Paws sales grew 8.8% and Solid Gold sales grew 7.3% on the same basis, according to H&H.
Why did H&H say Q3 pet revenue declined?
H&H attributed the Q3 comparison partly to different timing for promotions, including Amazon Prime Day, and to the timing of new retail-account launches and existing-account expansions. The company did not quantify the effect of each factor.
What does H&H plan to do next in its pet business?
For the remainder of 2026, H&H plans to expand Zesty Paws distribution and develop products in new categories, while pursuing Solid Gold growth in higher-margin categories and e-commerce channels, with these initiatives focused on North America.
Source: rss
