earnings
confidence high
sentiment positive
materiality 0.90
Central Garden & Pet Reports Q3 Fiscal 2026 Results, Raises EPS Outlook, and Announces Acquisition of TRIXIE
CENTRAL GARDEN & PET CO
- Q3 net sales fell 8% to $882M, but organic sales grew 2% to $862M.
- GAAP diluted EPS was $1.45 vs $1.52; non-GAAP EPS $1.54 vs $1.56.
- Raised fiscal 2026 non-GAAP EPS outlook from $2.70 to $2.85 or better.
- Announced agreement to acquire 80% of TRIXIE for up to €400M, expanding European presence.
- Pet segment sales down 19% due to exit of distribution business, but organic up 2%; Garden segment sales up 3%.