secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL GARDEN & PET CO (CENT)
CIK:        0000887733
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001157523-23-001227
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887733/000115752323001227/0001157523-23-001227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887733/000115752323001227/a53503774.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001227

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