A non-consumable pet toy (100) includes a resilient first concave-shaped molded member (102) having a first peripheral edge (130) and a resilient second concave-shaped molded member (104) having a second peripheral edge (132). The first and second members have a treat-retaining cavity (101) between them. The treat retaining pet toy also includes a fastener (110, 112) extending centrally through the treat-retaining cavity. The fastener fastens the first member to the second member such that the first peripheral edge is at a predetermined distance from the second peripheral edge.