Central Garden & Pet Company (CENTA) Tops Q4 EPS by 27c, Offers FY Guidance

Central Garden & Pet Company (NASDAQ: CENTA) reported Q4 EPS of $0.25, $0.27 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $676 million versus the consensus estimate of $600.2 million.

GUIDANCE:

Central Garden & Pet Company sees FY2021 EPS of $2.05, versus the consensus of $2.05.

• The Company currently projects fiscal 2021 GAAP EPS of $1.90 or better. This translates to fiscal 2021 adjusted EPS of $2.05 or better.
• The projected decline compared to fiscal 2020 reflects increased investments in capacity expansion, brand building and eCommerce as the Company continues to invest in sustainable growth, increases in labor and freight cost as well as key commodities, in addition to resuming more normal levels of promotional activity and travel.
• The Company also anticipates second-half headwinds associated with lapping almost ideal weather for the gardening season and the COVID-19 tailwinds in 2020.
• In addition, the Company anticipates an incremental interest expense in the range of $0.14-$0.16 related to recognizing the impacts of the call premium and unamortized debt issuance cost on the debt being retired.

For earnings history and earnings-related data on Central Garden & Pet Company (CENTA) click here.

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