H&H Group’s Pet Nutrition and Care Segment Grows 4.8% LFL in H1 2026, Driven by North American Supplement Demand
Executive Summary: H&H Group’s Pet Nutrition and Care (PNC) segment posted RMB 1.1 billion in revenue for the first half of 2026, rising 1% year over year and 4.8% on a like-for-like basis. North America generated 86.1% of PNC sales, with the Zesty Paws supplement brand up 16.7% LFL and Solid Gold pet food returning to 6.3% LFL growth. Mainland China sales fell 37.7% as the group shifts toward localized, higher-margin production.
Key Facts
- Company
- Health and Happiness (H&H) International Holdings Limited
- Country
- Hong Kong-listed; operations in North America, mainland China, Europe, Asia, Australia and New Zealand
- Industry
- Pet nutrition and care; pet supplements; pet food
- Category
- Pet supplements, premium pet food
- Event
- H1 2026 interim results and full-year guidance
- Date
- Six months ended 30 June 2026; reported 25 August 2026
- Location
- Global; North America is the largest PNC market
- Source
- H&H Group investor relations, GlobalPETS, Yahoo Finance earnings call
What Happened
H&H Group reported its interim results for the six months ended 30 June 2026 on 25 August 2026. The Pet Nutrition and Care (PNC) segment generated RMB 1.1 billion, equivalent to roughly $153 million or €131 million. Reported revenue rose 1% year over year, but on a like-for-like basis — stripping out currency and portfolio changes — PNC revenue grew 4.8%. The segment’s share of total group revenue slipped to 12.5% from 15.4% in H1 2025, reflecting faster growth in H&H’s adult and baby nutrition businesses.
The North American market remained the engine. It accounted for 86.1% of PNC revenue, while mainland China contributed 11.7% and other markets 2.2%. Zesty Paws, H&H’s supplement brand, increased North American like-for-like sales by 16.7% from January to June 2026. Solid Gold, its pet food brand, returned to growth with a 6.3% LFL increase, mainly through e-commerce expansion. As of 30 June, Zesty Paws was stocked in more than 23,000 US stores and Solid Gold in more than 4,000.
Background
H&H Group is a Hong Kong-listed family nutrition company with three divisions: Adult Nutrition and Care (ANC), Baby Nutrition and Care (BNC), and Pet Nutrition and Care (PNC). The PNC portfolio is built around two flagship brands acquired from the US market: Zesty Paws in pet supplements and Solid Gold in pet food. Over the past two years H&H has reorganized its North American supply chain and distribution, pulling back from low-margin exports and emphasizing premium, high-margin products. In China, the company is replicating part of that strategy by focusing Solid Gold on high-margin pet food and supplements rather than broad volume plays.
Industry Context
The global pet supplement category has outgrown the wider pet market for several years, fueled by pet humanization, aging pets, and the migration of human wellness trends into animal products. Probiotics, joint support, fish oil and calming formulas are now standard shelf items in US pet retail. At the same time, Chinese pet owners are moving from basic kibble toward functional nutrition, but competition is intense and local brands are gaining share. H&H’s 37.7% China decline is therefore not simply a demand problem; it reflects a deliberate pivot away from low-margin, import-dependent business toward locally produced premium lines.
Market & Business Impact
Zesty Paws’ 16.7% North American growth is well above the 7-8% category growth rate cited by H&H management on the earnings call. The brand’s distribution through Amazon, Chewy, Walmart, PetSmart, Petco, Tractor Supply, Target, Pet Supplies Plus and Menards gives it both online scale and physical presence. That omnichannel footprint is increasingly the price of entry for supplement brands in the US.
For the full year 2026, H&H expects PNC top-line growth in the high single digits, with Zesty Paws growing in the high teens and Solid Gold flat to slightly down as its portfolio transformation continues. PNC EBITDA margin is expected to settle around the mid-single digits. The broader group is forecasting overall net sales growth in the mid-to-high teens and a broadly stable EBITDA margin.
Companies & Brands Involved
The main entities are H&H Group, Zesty Paws and Solid Gold. Retail and distribution partners include Amazon, Chewy, Walmart, PetSmart, Petco, Tractor Supply, Target, Pet Supplies Plus and Menards. H&H competes with other supplement and premium food players such as Nestlé Purina, Mars Royal Canin, General Mills’ Blue Buffalo and a growing field of direct-to-consumer supplement startups.
Data & Evidence
PNC revenue: RMB 1.1 billion ($153M / €131M), up 1% YoY, up 4.8% LFL. North America share: 86.1%; mainland China: 11.7%; other markets: 2.2%. Zesty Paws North America LFL: +16.7%. Solid Gold LFL: +6.3%. Store count: Zesty Paws >23,000; Solid Gold >4,000. Group revenue: RMB 8.7 billion, up 23.9%. Group EBITDA: RMB 1.6 billion, up 53.3%. Net profit: RMB 610.6 million, up 760%. Sources: H&H Group H1 2026 interim results, GlobalPETS, Yahoo Finance earnings-call transcript.
What This Means for the Pet Industry
H&H’s results confirm that North American pet supplements remain a high-growth, margin-accretive segment, while China is a restructuring story for international brands. The companies that will win in China are those that can localize production and move up the premium ladder fast enough to outrun domestic competitors. For distributors and retailers, Zesty Paws’ performance shows that supplement brands need both Chewy-Amazon velocity and mass-retail breadth to sustain double-digit growth.
Key Takeaways
- H&H Group’s PNC segment grew 4.8% on a like-for-like basis in H1 2026, reaching RMB 1.1 billion.
- Zesty Paws increased North American sales by 16.7% LFL, supported by Amazon, Chewy and major mass retailers.
- Solid Gold returned to growth with a 6.3% LFL increase, mainly from e-commerce expansion.
- Mainland China PNC sales fell 37.7% as H&H exits low-margin imports and localizes premium production.
- H&H expects full-year PNC growth in the high single digits and Zesty Paws growth in the high teens.
Frequently Asked Questions
What happened?
H&H Group reported H1 2026 results showing 4.8% like-for-like growth in its Pet Nutrition and Care segment, driven by North American supplement sales.
Which company is involved?
Health and Happiness (H&H) International Holdings Limited, a Hong Kong-listed nutrition company that owns the Zesty Paws and Solid Gold pet brands.
Where did it take place?
The results cover global operations, with North America generating 86.1% of PNC revenue and mainland China 11.7%.
Why is this important for the pet industry?
It shows that pet supplements are growing faster than the overall pet market in North America, while international brands in China must localize premium production to remain competitive.
What pet industry segment is affected?
Pet supplements, premium pet food, and wholesale pet products distribution across North America and China.
Sources
- Primary — H&H Group, “H&H Group Interim Results 2026 revenue up 23.7%”, 25 Aug 2026, https://www.hh.global/news/h-and-h-group-interim-results-2026-revenue-up-23-7
- Secondary — GlobalPETS, “H&H targets high-single-digit growth for pet portfolio in 2026”, 2 Sep 2026, https://globalpetindustry.com/news/hh-targets-high-single-digit-growth-for-pet-portfolio-in-2026
- Secondary — Yahoo Finance, H&H Group H1 2026 earnings call transcript, https://finance.yahoo.com/quote/8BI.SG/earnings/8BI.SG-H1-2026-earnings_call-613433.html
