---
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"
generated_at: "2026-06-21T14:37:33.379765+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Central Garden & Pet reports FY2022 EPS $2.80, guides FY2023 EPS $2.60-$2.80

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001663
- JSON: https://secwatch.observer/filing/0001157523-22-001663.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001663.txt

## Key facts
- Earnings Releases
  CENTRAL GARDEN & PET CO reported the fourth quarter ended September 24, 2022 results: revenue $707 million, net income $2.0 million, EPS $0.04.
  - Period: the fourth quarter ended September 24, 2022
  - Revenue: $707 million
  - Net income: $2.0 million
  - EPS: $0.04
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/887733/000115752322001663/0001157523-22-001663-index.htm
- Earnings Releases
  CENTRAL GARDEN & PET CO reported the fiscal year ended September 24, 2022 results: revenue $3.3 billion, net income $152 million, EPS $2.80.
  - Period: the fiscal year ended September 24, 2022
  - Revenue: $3.3 billion
  - Net income: $152 million
  - EPS: $2.80
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/887733/000115752322001663/0001157523-22-001663-index.htm
- Earnings Releases
  CENTRAL GARDEN & PET CO reported fiscal 2023 results: EPS $2.60 to $2.80. Guidance initiated.
  - Period: fiscal 2023
  - EPS: $2.60 to $2.80
  - Guidance: initiated
  - Result: guidance update
  source text: Initial outlook for fiscal 2023 EPS in the range of $2.60 to $2.80
  evidence_url: https://www.sec.gov/Archives/edgar/data/887733/000115752322001663/0001157523-22-001663-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.