earnings
confidence high
sentiment positive
materiality 0.65
Central Garden & Pet Q1 net sales +12% to $661M; diluted EPS $0.16 vs $0.10 YoY
CENTRAL GARDEN & PET CO
2022-Q1 EPS reported
$0.16
revenue$661,398,000
- Q1 net sales $661M, +12% YoY; diluted GAAP EPS $0.16 (up from $0.10).
- Gross margin improved 210 bps to 30.0%; operating income $26M (-3% YoY) on higher investment spending.
- Pet segment sales flat at $436M, operating margin +40bps to 10.4%; Garden segment sales +45% to $225M on acquisitions.
- Cash from operations -$92M vs -$36M; total debt $1.2B; repurchased $6.7M of shares.
- FY2022 GAAP EPS guidance maintained at $3.10 or better, factoring in inflation and normalized demand.