secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL GARDEN & PET CO (CENT)
CIK:        0000887733
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001157523-22-000554
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Garden & Pet Q2 net sales up 2% to $954M, diluted EPS $1.27, reaffirms FY22 EPS $3.10+
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- Net sales $954M (+2% YoY); organic declined 3.5%. Gross margin 30.1% (+100 bps). Operating income $107M (+2%).
- Diluted EPS $1.27 (down $0.05 YoY); adjusted EBITDA $131M (+2%).
- Garden segment: sales $457M (+3%), op income $71M (+7%); Pet segment: sales $498M (+1%), op income $61M (-2%).
- Maintains FY2022 GAAP EPS guidance of $3.10 or better; repurchased ~227k shares for $9.4M in Q2.
- Cash from ops used $180M (vs $84M prior) due to inventory build for supply chain; total debt $1.2B, leverage 2.9x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887733/000115752322000554/0001157523-22-000554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887733/000115752322000554/a52707861.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000554

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