secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL GARDEN & PET CO (CENT)
CIK:        0000887733
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001157523-24-000185
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Garden & Pet Q1 EPS $0.01 vs loss; maintains FY non-GAAP EPS guidance $2.50+
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- Net sales $635M (+1% YoY); GAAP EPS $0.01 vs -$0.16; adjusted EBITDA $37M vs $29M.
- Pet segment sales down 2% to $409M, but op income up 10% to $43M on cost savings.
- Garden segment sales up 6% to $225M; operating loss narrowed to $9M from $11M.
- Cash $341M (up from $88M); repurchased $1.4M stock; leverage ratio 3.0x.
- Maintains FY2024 non-GAAP EPS guidance of $2.50 or better; capex ~$70M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887733/000115752324000185/0001157523-24-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887733/000115752324000185/a53893480.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000185

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer