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Mar 25, 2023
Central Garden & Pet Q2 2023 Earnings Report
Central delivered Q2 earnings per share of $0.90 amidst garden portfolio softness, while the pet segment expanded market share and performed as planned.
Key Takeaways
Central Garden & Pet reported Q2 2023 net sales of $909 million and EPS of $0.90. The garden segment experienced softness due to a later start to the season and unfavorable retailer inventory dynamics, while the pet segment expanded market share.
Net sales were $909 million, a 5% decrease compared to the previous year.
Earnings per share (EPS) was $0.90, compared to $1.27 in the prior year quarter.
The Garden segment was impacted by a later start to the season and unfavorable retailer inventory dynamics.
The Pet segment expanded market share and performed largely as planned.
Revenue by Segment
Forward Guidance
The Company expects fiscal 2023 EPS of $2.35 or better. This outlook reflects the macroeconomic uncertainty, cost inflation, evolving consumer behavior and unfavorable retailer inventory dynamics, as well as pricing actions and productivity initiatives across the Company's portfolio.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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