Central Garden & Pet(CENTA) - 2023 Q2 - Quarterly Report

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 ...