Wall Street expects a year-over-year decline in earnings on lower revenues when Central Garden (CENTA) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February ...

Item 15. Exhibits and Financial Statement Schedules (i) Consolidated Financial Statements of Central Garden & Pet Company are attached to this Form 10-K beginning on page F-1: Management's Report on Internal Control Over Financial Reporting Consolidated Balance Sheets Consolidated Statements of Comprehensive Income (Loss) Consolidated Statements of Shareholders' Equity Notes to Consolidated Financial Statements (2) Exhibits: | --- | --- | --- | --- | --- | --- | --- | |--------|----------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 24, 2023 or ☐ TRANSITION REPORT PURSUANT OF SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33268 Central Garden & Pet Company ...

Income Taxes Our effective income tax rate was 23.9% for the quarter ended March 25, 2023 and 23.4% for the quarter ended March 26, 2022. The increase in our effective income tax rate was due primarily to a reduced tax benefit from stock compensation and an increased impact of nondeductible executive compensation compared to the prior year quarter. Net Income and Earnings Per Share Our net income in the second quarter of fiscal 2023 was $48.1 million, or $0.90 per diluted share, compared to net income of $6 ...

Central Garden & Pet Company (NASDAQ:CENT) Q1 2023 Earnings Conference Call January 31, 2023 4:30 PM ET Company Participants Friederike Edelmann – Vice President-Investor Relations Tim Cofer – Chief Executive Officer Niko Lahanas – Chief Financial Officer J.D. Walker – President, Garden Consumer Products John Hanson – President, Pet Consumer Products Conference Call Participants Bill Chappell – Truist Securities Stefanos Crist – CJS Securities Taylor Zick – KeyBanc Capital Markets Andrea Teixeira – JPMorgan ...

CENTRAL GARDEN & PET COMPANY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts, unaudited) 5 | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------|-------------------------------|-------------|-------------------------------| | | Three \nDecember 24, 2022 | Months \n | Ended \nDecember 25, 2021 | | Income (loss) including noncontrolling interest | $ (8,849) | $ | 9,196 | | Other comprehensive income (loss ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 24, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 1-33268 Central Garden & Pet Company (Ex ...

| --- | --- | --- | |------------------------|-------|-------| | Q4 & FY22 | | | | Investor Presentation | | | | 11.21.2022 | | | | | | | Business & Industry Update Tim Cofer, CEO Q4 & FY22 Financials, FY23 Outlook Niko Lahanas, CFO Management Q&A Tim Cofer, Niko Lahanas, J.D. Walker, John Hanson Q4 and FY22 Investor Presentation 2 | --- | --- | |------------------------------------------------------------------|------------------------------------------------------------------------------------------------ ...

Financial Data and Key Metrics Changes - Net sales increased by 1% year-over-year to $3.3 billion, with recent acquisitions contributing $147 million to this growth, offsetting an organic decline of $108 million [47] - Gross profit rose by 2% to $992 million, with gross margin expanding by 30 basis points to 29.7% despite significant inflationary pressures [48] - Operating income increased by 2% to $260 million, with an operating margin growth of 10 basis points [49] - Earnings per share (EPS) grew by $0.05 to $2.80, exceeding previous guidance [50] Business Segment Data and Key Metrics Changes Garden Segment - Garden net sales decreased by 4% to $268 million in Q4, impacted by poor weather and economic uncertainty [56] - Organic garden net sales declined by 7%, while total garden net sales increased by 4% due to acquisitions [18][56] - Operating income for the garden segment was $1.8 million, up from $1.1 million in the prior year [57] Pet Segment - Pet net sales for Q4 decreased by 4% to $440 million, affected by SKU rationalization and exiting low-profit private label lines [54] - Operating income for the pet segment increased by 28% to $40 million, with an operating margin of 9.2% [55] - Pet e-commerce grew by 10%, now representing 22% of total pet sales [27] Market Data and Key Metrics Changes - The garden e-commerce business grew by 9%, accounting for mid-single digits of total garden sales [22] - Market share in key categories such as wild bird and grass seed increased due to strong innovation and promotional activities [20] - The pet segment maintained or gained market share in small animal, equine, and dog treats [26] Company Strategy and Development Direction - The company is focused on a "Central-to-home" strategy to leverage macro trends supporting growth in the pet and garden industries [8][34] - Emphasis on sustainability and digital marketing excellence as core components of the growth strategy [32][33] - Plans to manage costs and cash flow more aggressively in response to ongoing inflation and economic uncertainty [64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth fundamentals of the pet and garden industries despite short-term economic volatility [8][66] - The company anticipates a challenging fiscal 2023, with guidance for EPS in the range of $2.60 to $2.80 [9][66] - Management noted that consumer engagement remains strong, as indicated by point-of-sale consumption trends outpacing shipments [67] Other Important Information - The company is taking steps to control costs, including a deliberate pause in hiring and reducing travel expenses [44][64] - Significant investments in capacity expansion and automation are planned to support long-term growth [59] - The company aims to convert excess inventory into cash, particularly in the garden segment, as the season progresses [80] Q&A Session Summary Question: What kind of sales outlook is embedded into the $2.60 to $2.80 range for earnings? - The company expects low-single digit growth in the garden segment, assuming a more normal weather year [72][73] Question: How will the company manage excess inventory? - The company plans to convert inventory into cash without resorting to discount channels, focusing on a strong garden season [76][77] Question: Is there a shift towards private label products? - The company's branded products continue to outperform private label, with no significant shift observed despite inflationary pressures [81][82] Question: What are the expectations for working capital next year? - The company aims to convert approximately $250 million of excess inventory into cash, with updates expected as the garden season progresses [79][80] Question: How does the company view M&A opportunities in the current environment? - The company remains open to M&A opportunities based on merit, regardless of current retailer sentiment [104]

| --- | --- | --- | |----------------------|-------|-------| | | | | | FY2022 Q3 | | | | Company Presentation | | | | 08.03.2022 | | | | | | | Forward-Looking Statements This presentation includes "forward-looking statements." Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, plans or intentions relating to acquisitions, our competitive strengths and weaknesses, our business strategy and the ...