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Yahoo
a day ago
- Business
- Yahoo
CENT Q1 Earnings Call: Margin Expansion and Cost Discipline Offset Revenue Decline
Pet company Central Garden & Pet (NASDAQ:CENT) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 7.4% year on year to $833.5 million. Its non-GAAP profit of $1.04 per share was 11.6% above analysts' consensus estimates. Is now the time to buy CENT? Find out in our full research report (it's free). Revenue: $833.5 million vs analyst estimates of $878.8 million (7.4% year-on-year decline, 5.1% miss) Adjusted EPS: $1.04 vs analyst estimates of $0.93 (11.6% beat) Adjusted EBITDA: $119.3 million vs analyst estimates of $114.5 million (14.3% margin, 4.2% beat) Management reiterated its full-year Adjusted EPS guidance of $2.20 at the midpoint Operating Margin: 11.2%, in line with the same quarter last year Market Capitalization: $2.08 billion Central Garden & Pet's latest quarterly results were shaped by shifting seasonal dynamics and ongoing efforts to optimize the business portfolio. Leadership attributed softer sales to the earlier timing of customer orders and promotional events, which pulled demand into the prior quarter, as well as unfavorable weather that delayed the start of the garden season. CEO Niko Lahanas explained, 'the earlier timing of preseason orders and promotional events shifted sales forward into the first quarter, leading to softer sales during the second quarter.' Despite these headwinds, management highlighted the strong performance of the Wild Bird segment and double-digit e-commerce growth as bright spots. Strategic SKU rationalization and cost discipline contributed to margin improvements, and the company continued to streamline operations, including winding down its UK presence in favor of a direct export model. Looking ahead, Central Garden & Pet's outlook reflects both caution and targeted investment in areas with high potential. Management reaffirmed its full-year non-GAAP EPS guidance despite acknowledging increased macroeconomic uncertainty due to tariffs and ongoing geopolitical tensions. Lahanas noted, 'recent tariff actions and related geopolitical tensions have significantly increased macroeconomic uncertainty and weighed on consumer confidence.' The company expects heightened inflationary pressures, particularly in the Pet segment, and is preparing for a more promotional retail environment. Leadership plans to prioritize cost management while investing in e-commerce, digital technology, and further productivity initiatives, emphasizing the importance of agility as weather patterns and consumer behavior remain unpredictable. Management tied the quarter's performance to operational streamlining, portfolio simplification, and targeted investments in logistics and e-commerce, which helped offset external pressures like weather and shifting consumer demand. SKU Rationalization Efforts: Central Garden & Pet accelerated the exit of lower-margin and underperforming product lines, especially in the Pet segment's durable goods, which management cited as a key factor in supporting margins and profitability amid softer demand. Wild Bird Segment Outperformance: The Wild Bird business benefited from prolonged cold weather, driving record sales and mitigating some of the seasonal softness seen in traditional garden categories. This segment also contributed to share gains in both online and brick-and-mortar channels. E-Commerce and Digital Expansion: E-commerce sales saw continued double-digit growth, with enhanced digital capabilities, new product launches, and optimized retail media fueling higher engagement and improved conversion rates across Pet and Garden categories. Distribution and Logistics Upgrades: The company opened new distribution centers and consolidated older ones, introducing direct-to-consumer capabilities and centralizing operations in key categories to drive efficiency and support future growth, particularly in fast-growing segments such as dog and cat products. Cost and Simplicity Program Progress: Continued execution of the Cost and Simplicity program yielded tangible benefits, including cost savings, improved operational flow, and enhanced employee safety. Management expects these initiatives to position the company for additional margin expansion and organic growth. Central Garden & Pet's outlook is shaped by ongoing tariff risks, a more value-focused consumer, and the company's continued investment in digital and operational efficiency. Tariff and Inflation Pressures: Management expects recent tariff actions and geopolitical tensions to increase inflationary pressures in the second half of the year, particularly affecting input costs for the Pet segment. Plans are underway to mitigate these through supply chain adjustments, vendor negotiations, and selective pricing actions, though many changes will not impact results until late this year or next. Promotional Environment and Consumer Behavior: The company anticipates consumers will become more cautious and value-oriented, prompting a more promotional retail landscape and a potential shift toward private label and value products. Management is focused on maintaining competitiveness and margin discipline as these trends evolve. Strategic Investments in E-Commerce and Efficiency: Central Garden & Pet will continue prioritizing investments in e-commerce, technology, and logistics to support organic growth and enhance productivity. The Cost and Simplicity program remains central to operational improvements and potential future margin expansion, even as the company remains watchful for M&A opportunities that align with core categories. In the coming quarters, the StockStory team will monitor (1) the pace and effectiveness of tariff mitigation strategies and supply chain adjustments, (2) trends in consumer trade-down to value and private label products, and (3) the ramp-up in e-commerce and logistics capabilities. We will also assess how ongoing weather variability and promotional intensity affect both the Garden and Pet segments. Central Garden & Pet currently trades at a forward P/E ratio of 16×. Is the company at an inflection point that warrants a buy or sell? The answer lies in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Business Wire
07-05-2025
- Business
- Business Wire
Central Garden & Pet Announces Q2 Fiscal 2025 Financial Results
WALNUT CREEK, Calif.--(BUSINESS WIRE)--Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) ('Central'), a market leader in the pet and garden industries, today announced financial results for its fiscal 2025 second quarter ended March 29, 2025. 'Despite expected softer sales, our continued focus on improving productivity and execution of our Cost and Simplicity program drove margin and earnings per share growth above last year's performance,' said Niko Lahanas, CEO of Central Garden & Pet. Share 'We are pleased with our solid second-quarter results. Despite expected softer sales, our continued focus on improving productivity and execution of our Cost and Simplicity program drove margin and earnings per share growth above last year's performance,' said Niko Lahanas, CEO of Central Garden & Pet. 'Although a significant portion of the garden season is still ahead, and notwithstanding the uncertain macroeconomic and geopolitical environment, we are reaffirming our fiscal year outlook and remain committed to delivering on our Central to Home strategy with excellence.' All comparisons are against the second quarter of fiscal 2024. Fiscal 2025 Second Quarter Financial Results Net sales were $834 million, a decrease of 7%. Gross profit was $273 million, a decrease of 2%. Gross margin expanded by 180 basis points to 32.8%, driven by productivity efforts from Central's Cost and Simplicity program. SG&A expense was $180 million, a decrease of 3% reflecting cost discipline across the organization. Due to lower net sales, SG&A as a percentage of net sales increased by 100 basis points to 21.6%. Operating income was $93 million, in line with the prior year. Operating margin expanded by 80 basis points to 11.2%. Non-GAAP operating income was $99 million, also in line with the prior year. On a non-GAAP basis, operating margin expanded by 80 basis points to 11.8%. Net interest expense was $9 million compared to $11 million. Net income was $64 million, an increase of 3%. Non-GAAP net income was $68 million, also an increase of 3%. Earnings per share were $0.98, an increase of $0.05. Non-GAAP Earnings per share were $1.04, also an increase of $0.05. Adjusted EBITDA of $123 million was $1 million below the prior-year quarter. The effective tax rate was 23.5% compared to 23.4% in the prior year. Pet Segment Net sales for the Pet segment were $454 million, a decrease of 6%, driven primarily by the timing of customer orders and promotional events that shifted sales into the first quarter and assortment rationalization and softer demand in durable pet products in the second quarter. Pet segment operating income was $61 million, a decrease of 3%. Operating margin expanded by 40 basis points to 13.4%. Non-GAAP operating income was $66 million, an improvement of 5%. On a non-GAAP basis, the operating margin expanded by 150 basis points to 14.5%, driven by productivity improvements. Pet segment adjusted EBITDA of $75 million was $2 million above the prior-year quarter. Garden Segment Net sales for the Garden segment were $380 million, a decrease of 10%, primarily due to customers shifting pre-season orders into the first quarter, unfavorable weather resulting in a late-breaking spring selling season and the loss of two product lines in Central's third-party distribution business. Garden segment operating income was $59 million, an increase of 3%. Operating margin expanded by 190 basis points to 15.5% driven by productivity efforts. Garden segment adjusted EBITDA of $69 million was $4 million below the prior-year quarter. Liquidity and Debt The cash and cash equivalents balance at the end of the quarter was $517 million, an improvement of $215 million driven by earnings and ongoing inventory reduction efforts over the last 12 months. Cash used by operations during the quarter was $47 million compared to $25 million a year ago. Total debt as of March 29, 2025, and March 30, 2024, was $1.2 billion. The gross leverage ratio, as defined in Central's credit agreement, at the end of the second quarter, was 2.9x, in line with the prior-year quarter. Central repurchased 1.2 million shares or $41 million of its stock during the quarter. After the second quarter end, Central repurchased an additional 1.2 million shares or $39 million of its stock through April 30, 2025. As of April 30, 2025, $63 million remained available for future stock repurchases. Cost and Simplicity Program Central continues to achieve meaningful progress in its multi-year Cost and Simplicity program, which comprises a comprehensive suite of initiatives across procurement, manufacturing, logistics, portfolio management, and administrative expenditures. These initiatives are intended to streamline operations, enhance organizational efficiency, and drive simplification across the enterprise. In the second quarter of fiscal 2025, Central began winding down its operations in the United Kingdom and is moving to a direct-export model to service customers in the U.K. and certain European markets. As a result, Central's Pet segment incurred $5.3 million in initial costs, including $4.4 million in cost of goods sold and $0.9 million in selling, general and administrative costs, all of which was non-cash. Fiscal 2025 Guidance Central continues to expect fiscal 2025 non-GAAP EPS to be $2.20 or better. This outlook reflects an expected shift in consumer behavior amid macroeconomic and geopolitical uncertainty, challenges within the brick-and-mortar retail landscape, and the weather variability anticipated for the remainder of the fiscal year. This outlook excludes the potential impact from further changes in tariff rates, or from acquisitions, divestitures, or restructuring activities that may occur during fiscal 2025, including initiatives associated with the Cost and Simplicity program. Central anticipates fiscal 2025 capital expenditures of approximately $60 million. Conference Call Central's senior management will host a conference call today at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to review the fiscal 2025 second quarter results and provide a general business update. The call, along with related materials, can be accessed at Alternatively, to listen to the call by telephone, dial (201) 689-8345 (domestic and international) entering confirmation #13751785. About Central Garden & Pet Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) understands home is central to life and has proudly nurtured happy and healthy homes for over 40 years. With fiscal 2024 net sales of $3.2 billion, Central is on a mission to lead the future of the pet and garden industries. The Company's innovative and trusted products are dedicated to helping lawns grow greener, gardens bloom bigger, pets live healthier, and communities grow stronger. Central is home to a leading portfolio of more than 65 high-quality brands including Amdro ®, Aqueon ®, Cadet ®, C&S ®, Farnam ®, Ferry-Morse ®, Four Paws ®, Kaytee ®, Nylabone ® and Pennington ®, strong manufacturing and distribution capabilities, and a passionate, entrepreneurial growth culture. Central is based in Walnut Creek, California, with over 6,000 employees primarily across North America. Visit to learn more. Safe Harbor Statement The statements contained in this release which are not historical facts, including statements concerning productivity initiatives, the expected impact of tariffs, deflationary pressure in certain commodity businesses, an expected shift in consumer behavior and earnings guidance for fiscal 2025, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. All forward-looking statements are based upon Central's current expectations and various assumptions. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release including, but not limited to, the following factors: economic uncertainty and other adverse macroeconomic conditions, including a potential recession; impacts of tariffs or a trade war; risks associated with international sourcing, including from China; fluctuations in energy prices, fuel and related petrochemical costs; declines in consumer spending and the associated increased inventory risk; seasonality and fluctuations in our operating results and cash flow; adverse weather conditions and climate change; the success of our Central to Home strategy and our Cost and Simplicity program; fluctuations in market prices for seeds and grains and other raw materials, including the impact of significant declines in grass seed market prices on our inventory valuation; risks associated with new product introductions, including the risk that our new products will not produce sufficient sales to recoup our investment; dependence on a small number of customers for a significant portion of our business; consolidation trends in the retail industry; supply shortages in pet birds, small animals and fish; potential credit risk associated with certain brick and mortar retailers in the pet specialty segment; reductions in demand for our product categories; competition in our industries; continuing implementation of an enterprise resource planning information technology system; regulatory issues; potential environmental liabilities; access to and cost of additional capital; the impact of product recalls; risks associated with our acquisition strategy, including our ability to successfully integrate acquisitions and the impact of purchase accounting on our financial results; potential goodwill or intangible asset impairment; the potential for significant deficiencies or material weaknesses in internal control over financial reporting, particularly of acquired companies; our dependence upon our key executives; our ability to recruit and retain members of our management team and employees to support our businesses; potential costs and risks associated with actual or potential cyberattacks; our ability to protect our trademarks and other proprietary rights; litigation and product liability claims; the impact of new accounting regulations and the possibility our effective tax rate will increase as a result of future changes in the corporate tax rate or other tax law changes; potential dilution from issuance of authorized shares; and the voting power associated with our Class B stock. These and other risks are described in greater detail in Central's Annual Report on Form 10-K for the fiscal year ended September 28, 2024, filed with the Securities and Exchange Commission on November 27, 2024. Central assumes no obligation to publicly update these forward-looking statements to reflect new information, future events, or any other development. CENTRAL GARDEN & PET COMPANY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts, unaudited) Three Months Ended Six Months Ended March 29, 2025 March 30, 2024 March 29, 2025 March 30, 2024 Net sales $ 833,537 $ 900,090 $ 1,489,973 $ 1,534,623 Cost of goods sold 560,454 621,210 1,021,191 1,076,898 Gross profit 273,083 278,880 468,782 457,725 Selling, general and administrative expenses 179,759 185,433 347,466 355,866 Operating income 93,324 93,447 121,316 101,859 Interest expense (14,510 ) (14,376 ) (28,980 ) (28,692 ) Interest income 5,152 2,903 11,892 7,512 Other income (expense) 744 (171 ) (973 ) 822 Income before income taxes and noncontrolling interest 84,710 81,803 103,255 81,501 Income tax expense 19,903 19,134 24,267 18,265 Income including noncontrolling interest 64,807 62,669 78,988 63,236 Net income attributable to noncontrolling interest 1,174 682 1,346 819 Net income attributable to Central Garden & Pet Company $ 63,633 $ 61,987 $ 77,642 $ 62,417 Net income per share attributable to Central Garden & Pet Company: Basic $ 0.99 $ 0.94 $ 1.21 $ 0.95 Diluted $ 0.98 $ 0.93 $ 1.19 $ 0.93 Weighted average shares used in the computation of net income per share: Basic 64,140 65,638 64,346 65,526 Diluted 64,879 66,831 65,171 66,815 Expand CENTRAL GARDEN & PET COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands, unaudited) Six Months Ended March 29, 2025 March 30, 2024 Cash flows from operating activities: Net income $ 78,988 $ 63,236 Adjustments to reconcile net income to net cash used by operating activities: Depreciation and amortization 42,580 45,357 Amortization of deferred financing costs 1,347 1,340 Non-cash lease expense 29,987 25,753 Stock-based compensation 9,528 8,927 Deferred income taxes 2,525 2,673 Other operating activities (1,056 ) 1,811 Change in assets and liabilities (excluding businesses acquired): Accounts receivable (252,375 ) (240,408 ) Inventories (67,654 ) (59,263 ) Prepaid expenses and other assets (11,542 ) (7,492 ) Accounts payable 50,504 41,475 Accrued expenses 28,416 46,785 Other long-term obligations 2,100 673 Operating lease liabilities (29,043 ) (25,169 ) Net cash used by operating activities (115,695 ) (94,302 ) Cash flows from investing activities: Additions to plant, property and equipment (16,760 ) (19,478 ) Payments to acquire companies, net of cash acquired (3,318 ) (59,818 ) Investments — (850 ) Other investing activities (125 ) (140 ) Net cash used in investing activities (20,203 ) (80,286 ) Cash flows from financing activities: Repayments of long-term debt (145 ) (159 ) Repurchase of common stock, including shares surrendered for tax withholding (98,233 ) (12,055 ) Payment of contingent consideration liability — (57 ) Distribution to noncontrolling interest (1,346 ) (900 ) Net cash used by financing activities (99,724 ) (13,171 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,444 ) 415 Net decrease in cash, cash equivalents and restricted cash (237,066 ) (187,344 ) Cash, cash equivalents and restricted cash at beginning of period 768,403 502,873 Cash, cash equivalents and restricted cash at end of period $ 531,337 $ 315,529 Supplemental information: Cash paid for interest $ 28,976 $ 28,695 Cash paid for income taxes $ 13,368 $ 13,775 Lease liabilities arising from obtaining right-of-use assets $ 30,776 $ 24,652 Expand Use of Non-GAAP Financial Measures We report our financial results in accordance with GAAP. However, to supplement the financial results prepared in accordance with GAAP, we use non-GAAP financial measures including non-GAAP net income and diluted net income per share, non-GAAP operating income, and adjusted EBITDA. Management uses these non-GAAP financial measures that exclude the impact of specific items (described below) in making financial, operating and planning decisions and in evaluating our performance. Also, Management believes that these non-GAAP financial measures may be useful to investors in their assessment of our ongoing operating performance and provide additional meaningful comparisons between current results and results in prior operating periods. While Management believes that non-GAAP measures are useful supplemental information, such adjusted results are not intended to replace our GAAP financial results and should be read in conjunction with those GAAP results. Adjusted EBITDA is defined by us as income before income tax, net other expense, net interest expense and depreciation and amortization and stock-based compensation expense (or operating income plus depreciation and amortization expense and stock-based compensation expense). Adjusted EBITDA further excludes one-time charges related to facility closures. We present adjusted EBITDA because we believe that adjusted EBITDA is a useful supplemental measure in evaluating the cash flows and performance of our business and provides greater transparency into our results of operations. Adjusted EBITDA is used by our management to perform such evaluations. Adjusted EBITDA should not be considered in isolation or as a substitute for cash flow from operations, income from operations or other income statement measures prepared in accordance with GAAP. We believe that adjusted EBITDA is frequently used by investors, securities analysts and other interested parties in their evaluation of companies, many of which present adjusted EBITDA when reporting their results. Other companies may calculate adjusted EBITDA differently and it may not be comparable. The reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are shown in the tables below. Non-GAAP financial measures reflect adjustments based on the following items: Facility closures: we have excluded the charges related to our decision to close distribution and manufacturing facilities as they represent infrequent transactions that impact the comparability between operating periods. We believe these exclusions supplement the GAAP information with a measure that may be useful to investors in assessing the sustainability of our operating performance. From time to time in the future, there may be other items that we may exclude if we believe that doing so is consistent with the goal of providing useful supplemental information to investors and management. During the second quarter of fiscal 2025, we recognized incremental expense of $5.3 million in the consolidated statement of operations, related to the decision to wind-down our operations in the U.K. and the related facility there as we move to a direct-export model. During the second quarter of fiscal 2024, we recognized incremental expense of $5.3 million in the consolidated statement of operations, from the closure of a manufacturing facility in Chico, California, and the consolidation of our Southeast distribution network. Operating Income Reconciliation GAAP to Non-GAAP Reconciliation Three Months Ended March 30, 2024 Six Months Ended March 30, 2024 (in thousands) Net sales $ 900,090 $ — $ 900,090 $ 1,534,623 $ — $ 1,534,623 Cost of goods sold and occupancy 621,210 2,527 618,683 1,076,898 2,527 1,074,371 Gross profit $ 278,880 $ (2,527 ) $ 281,407 $ 457,725 $ (2,527 ) $ 460,252 Selling, general and administrative expenses 185,433 2,743 182,690 355,866 2,743 353,123 Income from operations $ 93,447 $ (5,270 ) $ 98,717 $ 101,859 $ (5,270 ) $ 107,129 Gross margin 31.0 % 31.3 % 29.8 % 30.0 % Operating margin 10.4 % 11.0 % 6.6 % 7.0 % Expand Pet Segment Operating Income Reconciliation GAAP to Non-GAAP Reconciliation Three Months Ended Six Months Ended March 29, 2025 March 30, 2024 March 29, 2025 March 30, 2024 (in thousands) GAAP operating income $ 60,614 $ 62,659 $ 111,871 $ 106,047 Facility closure (1 ) 5,339 — 5,339 — Non-GAAP operating income $ 65,953 $ 62,659 $ 117,210 $ 106,047 GAAP operating margin 13.4 % 13.0 % 12.7 % 11.9 % Non-GAAP operating margin 14.5 % 13.0 % 13.3 % 11.9 % Expand Garden Segment Operating Income Reconciliation GAAP to Non-GAAP Reconciliation Three Months Ended Six Months Ended March 29, 2025 March 30, 2024 March 29, 2025 March 30, 2024 (in thousands) GAAP operating income $ 58,731 $ 57,066 $ 61,154 $ 48,180 Facility closure (2 ) — 5,270 — 5,270 Non-GAAP operating income $ 58,731 $ 62,336 $ 61,154 $ 53,450 GAAP operating margin 15.5 % 13.6 % 10.0 % 7.5 % Non-GAAP operating margin 15.5 % 14.8 % 10.0 % 8.3 % Expand Adjusted EBITDA Reconciliation GAAP to Non-GAAP Reconciliation Three Months Ended March 29, 2025 Pet Garden Corporate Total (in thousands) Net income attributable to Central Garden & Pet Company $ — $ — $ — $ 63,633 Interest expense, net — — — 9,358 Other income — — — (744 ) Income tax expense — — — 19,903 Net income attributable to noncontrolling interest — — — 1,174 Income (loss) from operations 60,614 58,731 (26,021 ) 93,324 Depreciation & amortization 9,498 10,443 705 20,646 Noncash stock-based compensation — — 4,018 4,018 Facility closure (1 ) 5,339 — — 5,339 Adjusted EBITDA $ 75,451 $ 69,174 $ (21,298 ) $ 123,327 Expand Adjusted EBITDA Reconciliation GAAP to Non-GAAP Reconciliation Three Months Ended March 30, 2024 Pet Garden Corporate Total (in thousands) Net income attributable to Central Garden & Pet Company $ — $ — $ — $ 61,987 Interest expense, net — — — 11,473 Other expense — — — 171 Income tax expense — — — 19,134 Net income attributable to noncontrolling interest — — — 682 Income (loss) from operations 62,659 57,066 (26,278 ) 93,447 Depreciation & amortization 11,124 11,014 674 22,812 Noncash stock-based compensation — — 2,907 2,907 Facility closures (2 ) — 5,270 — 5,270 Adjusted EBITDA $ 73,783 $ 73,350 $ (22,697 ) $ 124,436 Expand Adjusted EBITDA Reconciliation GAAP to Non-GAAP Reconciliation Six Months Ended March 29, 2025 Pet Garden Corporate Total (in thousands) Net income attributable to Central Garden & Pet Company $ — $ — $ — $ 77,642 Interest expense, net — — — 17,088 Other expense — — — 973 Income tax expense — — — 24,267 Net income attributable to noncontrolling interest — — — 1,346 Income (loss) from operations 111,871 61,154 (51,709 ) 121,316 Depreciation & amortization 19,578 21,574 1,428 42,580 Noncash stock-based compensation — — 9,528 9,528 Facility closure (1 ) 5,339 — — 5,339 Adjusted EBITDA $ 136,788 $ 82,728 $ (40,753 ) $ 178,763 Expand Adjusted EBITDA Reconciliation GAAP to Non-GAAP Reconciliation Six Months Ended March 30, 2024 Pet Garden Corporate Total (in thousands) Net income attributable to Central Garden & Pet Company $ — $ — $ — $ 62,417 Interest expense, net — — — 21,180 Other income — — — (822 ) Income tax expense — — — 18,265 Net income attributable to noncontrolling interest — — — 819 Income (loss) from operations 106,047 48,180 (52,368 ) 101,859 Depreciation & amortization 21,922 22,020 1,415 45,357 Noncash stock-based compensation — — 8,927 8,927 Facility closures (2 ) — 5,270 — 5,270 Adjusted EBITDA $ 127,969 $ 75,470 $ (42,026 ) $ 161,413 Expand
Business Wire
29-04-2025
- Business
- Business Wire
Central Garden & Pet to Announce Q2 Fiscal 2025 Financial Results
WALNUT CREEK, Calif.--(BUSINESS WIRE)--Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) ('Central'), a market leader in the pet and garden industries, will release its fiscal 2025 second quarter results for the period ending March 29, 2025, after market close on Wednesday, May 7, 2025. On the same day, Central will host a conference call at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time), led by CEO Niko Lahanas and CFO Brad Smith, to review these results and to provide a business update. Central Garden & Pet Company will release its fiscal 2025 second quarter results for the period ending March 29, 2025, after market close on Wednesday, May 7, 2025. Share A live webcast, replay and related materials will be available at To join by phone, please dial +1 (201) 689-8345 for both domestic and international participants. About Central Garden & Pet Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) understands home is central to life and has proudly nurtured happy and healthy homes for over 45 years. With fiscal 2024 net sales of $3.2 billion, Central is on a mission to lead the future of the pet and garden industries. The Company's innovative and trusted products are dedicated to helping lawns grow greener, gardens bloom bigger, pets live healthier, and communities grow stronger. Central is home to a leading portfolio of more than 65 high-quality brands including Amdro ®, Aqueon ®, Cadet ®, C&S ®, Farnam ®, Ferry-Morse ®, Four Paws ®, Kaytee ®, Nylabone ® and Pennington ®, strong manufacturing and distribution capabilities, and a passionate, entrepreneurial growth culture. Central is based in Walnut Creek, California, with 6,450 employees primarily across North America. Visit to learn more.
