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Central Garden & Pet (CENT) Q2 Earnings Beat, Margins Expand
Zacks Investment Research· 2024-05-09 16:36
Central Garden & Pet Company (CENT) came up with second-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. While net sales declined, earnings improved year over year owing to the Cost and Simplicity program.Management has been taking steps to strengthen its position in the pet supplies and lawn and garden supplies space. Central Garden & Pet Company is focusing on brand building, containing costs, lowering complexity and improving margins. The company has been e ...
Central Garden & Pet(CENT) - 2024 Q2 - Earnings Call Transcript
2024-05-09 05:39
Central Garden & Pet Company (NASDAQ:CENT) Q2 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Conference Call Participants Ladies and gentlemen, thank you for standing by. Welcome to Central Garden & Pet's Fiscal 2024 Second Quarter Earnings Call. My name is John, and I will be your conference operator for today. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions]. And as a rem ...
Central Garden (CENT) Tops Q2 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-08 22:36
Central Garden (CENT) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.28%. A quarter ago, it was expected that this maker of products for the pet supply and lawn and garden markets would post a loss of $0.14 per share when it actually produced earnings of $0.01, delivering a surpri ...
Central Garden & Pet(CENT) - 2024 Q2 - Quarterly Results
2024-05-08 20:19
CENTRAL GARDEN & PET ANNOUNCES Q2 FISCAL 2024 FINANCIAL RESULTS Fiscal 2024 Q2 net sales of $900 million compared to $909 million a year ago Fiscal 2024 Q2 GAAP EPS of $0.93 vs. $0.72 a year ago, Non-GAAP EPS of $0.99 Maintains outlook for fiscal 2024 non-GAAP EPS of $2.00 or better ($2.50 or better before the February 2024 stock dividend) WALNUT CREEK, Calif. – Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) ("Central"), a market leader in the Pet and Garden industries, today announced financia ...
Central Garden & Pet Company (CENT) Queued for Q2 Earnings
Zacks Investment Research· 2024-05-01 16:01
Central Garden & Pet Company (CENT) is set to report second-quarter fiscal 2024 results on May 8 after market close. The Zacks Consensus Estimate for revenues is pegged at $894.5 million, which indicates a decline of 1.6% from the prior-year reported figure. Over the past 30 days, the Zacks Consensus Estimate for second-quarter earnings per share, currently pegged at 83 cents, has risen by a couple of cents.Central Garden & Pet Company has a trailing four-quarter earnings surprise of 37.8%, on average. In t ...
Why Central Garden & Pet (CENT) Might Surprise This Earnings Season
Zacks Investment Research· 2024-04-30 15:20
Investors are always looking for stocks that are poised to beat at earnings season and Central Garden & Pet (CENT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Central Garden & Petis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a ...
Central Garden & Pet (CENT) Rides on Multi-Faceted Strategy
Zacks Investment Research· 2024-04-11 16:26
Central Garden & Pet Co. (CENT) is employing a multi-faceted strategy to strengthen its position in the pet and garden supply space. This strategy includes the use of unique packaging, efficient point-of-sale presentations, logistical expertise and outstanding customer service to drive growth.The company is focused on reducing costs and simplifying operations in areas, such as procurement, production, logistics and management. By undertaking measures like reducing the number of stock-keeping units, closing ...
Paw Love Debuts Simply Smoked: A New Line of Natural Dog Chews with an Irresistibly Smoky Aroma
Businesswire· 2024-03-14 13:02
RICHMOND, Va.--(BUSINESS WIRE)--Paw Love®, a top brand of premium dog chews and treats in the Central Garden & Pet portfolio (NASDAQ: CENT) (NASDAQ: CENTA), is launching Simply Smoked: a new line of natural dog chews smoked in small batches over real hickory wood. Smoked low and slow in the brand's own smokehouse in Virginia, Simply Smoked chews delight dogs’ senses with the beloved flavor and aroma of smoked meat. The chews are made with premium, all-natural ingredients and no artificial flavors, colors, ...
Central Garden (CENT) Up 4.5% Since Last Earnings Report: Can It Continue?
Zacks Investment Research· 2024-03-08 17:36
It has been about a month since the last earnings report for Central Garden (CENT) . Shares have added about 4.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Central Garden due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Central Garden & Pet Q1 Earnings Top, Mar ...
Are Consumer Discretionary Stocks Lagging Central Garden & Pet (CENT) This Year?
Zacks Investment Research· 2024-03-08 15:46
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Central Garden (CENT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.Central Garden is a member of our Consumer Discretionary group, which includes 292 different companies and currently sits at #12 in the Zacks Sector Rank. Th ...