earnings
confidence high
sentiment positive
materiality 0.75
Central Garden & Pet Q2 FY2026: record sales $906M, EPS $1.28, pet distribution partnership
CENTRAL GARDEN & PET CO
2026-Q2 EPS reported
$1.39
revenue$1,523,525,000
- Net sales $906M (+8.6% YoY); GAAP diluted EPS $1.28 vs $0.98; adjusted EBITDA $139M vs $123M.
- Pet segment sales $477M (+5.1%), operating margin 16.3% vs 13.4%; Garden sales $429M (+12.9%).
- Strategic pet distribution partnership with Phillips; Central retains 20% stake; minimal EPS impact expected.
- Reaffirmed FY2026 non-GAAP diluted EPS outlook of $2.70 or better; capex $50-$60M.
- Gross leverage 2.8x (target 3.0-3.5x); no credit facility borrowings; $653M cash.