Central Garden & Pet Q3 net sales $1,023M (+1% YoY), GAAP EPS $1.56, raises FY non-GAAP EPS guidance to $2.55+

CENTRAL GARDEN & PET CO

2023-Q3 EPS reported $2.30 revenue$2,559,936,000

Net sales $1,023M (+1%); gross margin expanded 80bps to 31.1% (GAAP), 160bps to 31.9% (Non-GAAP).
GAAP EPS $1.56 vs $1.39; Non-GAAP EPS $1.75 vs $1.39; operating income $123M (+8% GAAP).
Pet segment operating income flat at $60M (GAAP); Garden segment operating income +17% to $88M; adjusted EBITDA $166M (+17.3%).
Cash provided by operations $325M vs $190M; repurchased 466K shares ($16.7M); sold IGC distribution business to reduce complexity.
Raises FY2023 non-GAAP EPS guidance to $2.55 or better; expects 53-week year; capex significantly below FY2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CENTRAL GARDEN & PET CO reported third quarter fiscal 2023 ended June 24, 2023 results: revenue $1,023 million, net income $83 million, EPS $1.56. Guidance raised.

Period: third quarter fiscal 2023 ended June 24, 2023
Revenue: $1,023 million
Net income: $83 million
EPS: $1.56
Guidance: raised
Result: reported results

Exact text from the filing

Central Garden & Pet Announces Record Q3 Fiscal 2023 Financial Results Fiscal 2023 Q3 net sales of $1,023 million Fiscal 2023 Q3 EPS of $1.56; Non-GAAP EPS of $1.75 Raises outlook for fiscal 2023 Non-GAAP EPS to $2.55 or better

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Source: SEC EDGAR

accession 0001157523-23-001227

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