secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL GARDEN & PET CO (CENT)
CIK:        0000887733
Form:       8-K
Filed at:   2022-02-02T23:59:59+00:00
Accession:  0001157523-22-000138
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Garden & Pet Q1 net sales +12% to $661M; diluted EPS $0.16 vs $0.10 YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887733/000115752322000138/0001157523-22-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887733/000115752322000138/a52573056.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer