Central Garden & Pet announced strong Q1 2021 results with net sales increasing by 22.7% to $592.2 million. Diluted EPS grew to $0.10, and non-GAAP EPS reached $0.29. These results reflect robust consumer demand and strategic acquisitions in the Garden Segment.
Net sales increased by 22.7% to $592.2 million due to organic strength in both segments.
Diluted EPS increased to $0.10, a $0.18 increase compared to the prior year.
Non-GAAP diluted EPS increased to $0.29, up $0.37 from the prior year, excluding specific interest expenses and losses.
Operating income rose to $27.0 million, driven by improved gross margin and operating efficiencies.
The Company projects fiscal 2021 EPS to be at or above $1.90, as compared to prior year EPS of $2.20. This guidance does not include the impact of its recent acquisitions or additional acquisitions that may close during fiscal 2021.
Visualization of income flow from segment revenue to net income
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