Central Garden & Pet Q2 2024 GAAP EPS $0.93 (up 29% YoY); revenue $900M (-1%); maintains FY guidance

CENTRAL GARDEN & PET CO

2024-Q2 EPS reported $0.93 revenue$1,534,623,000

GAAP EPS $0.93 vs $0.72 a year ago; Non-GAAP EPS $0.99.
Revenue $900M, down 1% YoY; organic net sales also -1%.
Gross margin improved 240 bps to 31.0%; operating margin up 180 bps to 10.4%.
Pet segment sales up 1% to $480M; Garden segment down 3% to $420M.
Maintains FY2024 non-GAAP EPS outlook of $2.00 or better; capex ~$70M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

CENTRAL GARDEN & PET CO reported second quarter fiscal year 2024 ended March 30, 2024 results: revenue $900 million, net income $62 million, EPS $0.93. Guidance reaffirmed.

Period: second quarter fiscal year 2024 ended March 30, 2024
Revenue: $900 million
Net income: $62 million
EPS: $0.93
Guidance: reaffirmed
Result: reported results

Exact text from the filing

A copy of the press release is attached as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- CENTRAL GARDEN & PET ANNOUNCES Q2 FISCAL 2024 FINANCIAL RESULTS Fiscal 2024 Q2 net sales of $900 million compared to $909 million a year ago Fiscal 2024 Q2 GAAP EPS of $0.93 vs. $0.72 a year ago, Non-GAAP EPS of $0.99 Maintains outlook for fiscal 2024 non-GAAP EPS of $2.00 or better

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