secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL GARDEN & PET CO (CENT)
CIK:        0000887733
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000887733-24-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Garden & Pet Q3 net sales $996M (-3% YoY); GAAP EPS $1.19 vs $1.25
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- Non-GAAP EPS $1.32 vs $1.40 a year ago; Pet segment sales up 1%, Garden down 6%.
- Gross margin expanded 70 bps to 31.8% on Cost & Simplicity program.
- Maintains FY2024 non-GAAP EPS guidance of $2.00 or better ($2.50 pre-stock dividend).
- Expects $15-20M grass seed inventory write-down in Q4; pottery wind-down incurred $11.1M one-time costs.
- Cash from operations $286M; total debt $1.2B; gross leverage 3.0x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887733/000088773324000018/0000887733-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887733/000088773324000018/cent-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000887733-24-000018

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