earnings
confidence high
sentiment neutral
materiality 0.70
Central Garden & Pet Q3 sales down 2% to $1,015M; GAAP EPS $1.39 up $0.02
CENTRAL GARDEN & PET CO
2022-Q3 EPS reported
$2.82
revenue$2,631,146,000
- Net sales decreased 2% to $1,015M vs $1,037M prior year; organic sales down 5%.
- Diluted GAAP EPS $1.39, up $0.02 YoY; net income $75M, down 1% from $76M.
- Garden segment sales $511M (-4%), operating income +13%; Pet segment sales $505M (flat), operating income -12%.
- Cash balance $196M vs $517M prior year; cash from operations $190M vs $299M; repurchased $22.1M in stock.
- Maintains fiscal 2022 GAAP EPS guidance at or above prior year; cites inflation and supply chain challenges.