{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-22-001663","form_type":"8-K","ticker":"CENT","cik":"0000887733","company_name":"CENTRAL GARDEN & PET CO","filed_at":"2022-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.880997+00:00","generated_at":"2026-06-21T14:37:33.379765+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Central Garden & Pet reports FY2022 EPS $2.80, guides FY2023 EPS $2.60-$2.80","bullets":["FY2022 net sales $3.3B (+1% YoY); diluted EPS $2.80 (up from $2.75).","Q4 net sales $707M (-4% YoY); net loss $2M vs $3M loss prior year.","Pet segment Q4 sales $440M (-4%) but operating margin improved to 9.2% from 6.9%.","FY2023 GAAP EPS guidance $2.60-$2.80; 53-week year; capex expected significantly below FY2022.","Cash used by operations $34M vs $251M provided prior year; inventory build to mitigate supply chain."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-22-001663","json":"https://secwatch.observer/filing/0001157523-22-001663.json","markdown":"https://secwatch.observer/filing/0001157523-22-001663.md","text":"https://secwatch.observer/filing/0001157523-22-001663.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/887733/000115752322001663/0001157523-22-001663-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/887733/000115752322001663/a52974424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T14:37:33.379765+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"19be25254fef78a9ddb9714ac44cfcbcd1df4b45","claim":"CENTRAL GARDEN & PET CO reported the fourth quarter ended September 24, 2022 results: revenue $707 million, net income $2.0 million, EPS $0.04.","evidence_excerpt":"Net sales decreased 4% to $707 million compared to $739 million in the fourth quarter of fiscal 2021. Gross margin decreased 60 basis points to 28.2% as the positive effect of pricing actions was more than offset by substantial inflationary cost pressure and lower sales volume. Operating income was $13 million, an increase of 34% compared to $10 million in the fourth quarter of fiscal 2021. Operating margin was 1.8%, an increase of 50 basis points compared to 1.3% in the prior year quarter. Other expense was $2.3 million compared to $1.9 million in the fourth quarter of fiscal 2021. Net interest expense of $14 million for the fourth quarter was in line with the prior-year quarter. This resulted in a net loss of $2.0 million compared to a net loss of $3.0 million in the fourth quarter of fiscal 2021, and a diluted loss per share of $0.04 compared to a diluted loss per share of $0.06 in the prior year quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/887733/000115752322001663/0001157523-22-001663-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended September 24, 2022"},{"label":"Revenue","value":"$707 million"},{"label":"Net income","value":"$2.0 million"},{"label":"EPS","value":"$0.04"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9157598f6fe526a1e3511341e4e7cb25cc91d438","claim":"CENTRAL GARDEN & PET CO reported the fiscal year ended September 24, 2022 results: revenue $3.3 billion, net income $152 million, EPS $2.80.","evidence_excerpt":"Net sales were $3.3 billion, an increase of 1% compared to the prior year, driven by the Company's recent acquisitions. Net sales grew at a 12% three-year CAGR from $2.4 billion in fiscal 2019. Organic net sales decreased 3%. Net sales for the Pet segment were $1.9 billion, a decrease of 1% compared to a year ago, unfavorably impacted by SKU rationalization and the purposeful decision to exit low-profit private label product lines. Net sales for the Pet segment grew at a 9% three-year CAGR compared to $1.5 billion in fiscal 2019. Net sales for the Garden segment increased 4% to $1.5 billion compared to $1.4 billion in the prior year and at a 17% three-year CAGR compared to $923 million in fiscal 2019. Despite significant inflationary headwinds across commodities, freight and labor, gross margin increased 30 basis points to 29.7% compared to 29.4% a year ago. The Company was able to offset these headwinds through a combination of pricing actions, favorable product mix and gross producti","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/887733/000115752322001663/0001157523-22-001663-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended September 24, 2022"},{"label":"Revenue","value":"$3.3 billion"},{"label":"Net income","value":"$152 million"},{"label":"EPS","value":"$2.80"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a7c08c0a4060b92ba152eb31cd7563d6c9389183","claim":"CENTRAL GARDEN & PET CO reported fiscal 2023 results: EPS $2.60 to $2.80. Guidance initiated.","evidence_excerpt":"Initial outlook for fiscal 2023 EPS in the range of $2.60 to $2.80","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/887733/000115752322001663/0001157523-22-001663-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"EPS","value":"$2.60 to $2.80"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}