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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.
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 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