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Dec 25, 2021
Central Garden & Pet Q1 2022 Earnings Report
Net sales increased due to recent acquisitions, and GAAP EPS grew, despite inflationary pressures and heightened investment spending.
Key Takeaways
Central Garden & Pet reported a solid first quarter, with net sales increasing by 12% to $661 million, driven by recent acquisitions. Diluted GAAP EPS grew to $0.16. The company maintains its outlook for fiscal 2022 diluted GAAP EPS of $3.10 or better.
Net sales increased 12% to $661 million, with acquisitions contributing $70 million.
Organic sales were in line with the prior year quarter.
Diluted GAAP EPS grew $0.06 to $0.16 compared to prior year quarter.
The Company continues to expect fiscal 2022 GAAP EPS to be $3.10 or better.
Central Garden & Pet
Central Garden & Pet
Central Garden & Pet Revenue by Segment
Revenue by Segment
Garden Segment Revenue
CapyFin.comPet Segment Revenue
CapyFin.com Forward Guidance
The Company continues to expect fiscal 2022 GAAP EPS to be $3.10 or better.
Positive Outlook
- Anticipated pricing actions across the Company's portfolio
- Investments in capacity expansion
- Brand building
- Consumer insights
- Innovation and eCommerce to drive sustainable growth
Challenges Ahead
- Increasing costs for commodities
- Increasing costs for freight
- Increasing costs for labor
- Headwinds associated with a return to more normalized consumer demand patterns following extraordinary demand spanning two fiscal years
- Resuming more historical levels of promotional activity
Revenue & Expenses
Visualization of income flow from segment revenue to net income