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Jun 24, 2023
Central Garden & Pet Q3 2023 Earnings Report
Reported record operating income and earnings per share while expanding gross margin, growing market share and significantly improving cash position.
Key Takeaways
Central Garden & Pet announced record operating income and earnings per share for Q3 2023. Net sales increased by 1% to $1,023 million. The company is raising its outlook for the full year.
Net sales increased 1% to $1,023 million.
EPS of $1.56; Non-GAAP EPS of $1.75.
Operating income increased 8% to $123 million.
Raises outlook for fiscal 2023 Non-GAAP EPS to $2.55 or better.
Revenue by Segment
Forward Guidance
The Company now expects fiscal 2023 non-GAAP EPS of $2.55 or better.
Challenges Ahead
- Macroeconomic uncertainty
- Cost inflation
- Evolving consumer behavior
- Unfavorable retailer inventory dynamics
- Excludes the impact of any acquisitions, divestitures or restructuring activities that may occur during fiscal 2023, including any projects under the cost and simplicity program.
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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