Central Garden: Overview of First Quarter Financial Results

Central Garden & Pet Co. Reports Strong First-Quarter Results

Central Garden & Pet Co., headquartered in Walnut Creek, California, announced a net profit of $6.8 million for its fiscal first quarter.

The company recorded earnings of $0.11 per share, with adjusted earnings—excluding one-time expenses—coming in at $0.21 per share.

These figures exceeded analysts’ expectations, as the consensus from three analysts polled by Zacks Investment Research had projected earnings of $0.11 per share.

During the quarter, the company, which specializes in pet supplies and lawn and garden products, generated $617.4 million in revenue.

Looking ahead, Central Garden & Pet anticipates full-year earnings to reach $2.70 per share.