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Blue Buffalo Pet Products, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2017 10-K, filed Feb 26, 2018. Its latest SEC filing is a 15-12B from May 4, 2018.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Sells natural dog and cat food, including dry food, wet food and treats, to specialty, grocery and mass retailers.

How Did They Make Money?

Retailers and distributors buy pet food; sales are generally completed when customers receive the products, or when the products reach the specified customer if Blue retains responsibility during shipping.

revenue

Who Were Their Customers?

Blue sells directly to large national and regional chains and larger eCommerce retailers. Distributors serve many regional and neighborhood specialty stores and farm and feed stores; select grocery and mass retailers also carry its products.

Customers above 10% of revenue, FY2017
of revenue from one customer
FY2015: 69% from one customer

Did Revenues Turn Into Profits?

Yes. It kept 15 cents of every revenue dollar as net income in .

Operating income,
24% of revenue
▲ +37% vs ($220.9M, 19%)
Net income,
15% of revenue
▲ +49% vs ($130.2M, 11%)

How Were They Changing?

Since the FY2017 annual report
  • Apr 24, 2018 Merger completed, making Blue Buffalo a wholly owned subsidiary The merger triggered a change of control; Blue Buffalo requested suspension of trading and delisting of its shares.

Grew. Revenue grew 77% in 4 years, from $719.5M in to $1.3B in , about 15% a year.

Who Did They Compete With?

Competes with Nestlé, Mars, J.M. Smucker, Colgate-Palmolive, WellPet, and Diamond Pet Foods

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