earnings
confidence high
sentiment positive
materiality 0.70
Central Garden & Pet Q3 net sales +24% to $1,037M; raises FY21 EPS guidance to $2.45+
CENTRAL GARDEN & PET CO
2021-Q3 EPS reported
$2.80
revenue$2,564,557,000
- Q3 diluted EPS grew 8% to $1.37; GAAP net income $76M, up 11%.
- Garden segment net sales +42% to $529M on acquisitions and organic growth; Pet segment +10% to $508M.
- FY21 GAAP EPS guidance raised to $2.45 or better from prior $2.25; non-GAAP EPS guidance raised to $2.62 or better.
- Adjusted EBITDA +14% to $134M; total debt $1,184M, leverage ratio 2.9x.
- Cash from operations $299M vs $182M a year ago; cash balance $517M.