Central Garden & Pet (NASDAQ: CENT) reported Q3 EPS of $0.61, $0.10 better than the analyst estimate of $0.51. Revenue for the quarter came in at $574.6 million versus the consensus estimate of $545.26 million.

2017 Guidance

The Company is raising its guidance and now expects non-GAAP earnings per fully-diluted share of $1.44 or higher for fiscal 2017, an increase of 14.3% or more from the prior year. As noted in last quarter's earnings release, certain non-operating factors are expected to impact net income in the remainder of the year. These factors include higher corporate expenses versus the prior year as well as two new joint venture investments which are expected to negatively impact earnings in the remainder of the current fiscal year while favorably impacting earnings next fiscal year.

Roeth concluded, "We had a terrific quarter driving sales, profit, and share while continuing to invest for the future."

• Fiscal 3Q 2017 sales increased 11.7% to $574.6 million; Organic sales rose 7.6%
• Fiscal 3Q 2017 diluted EPS increased to $0.62 from $0.51

GUIDANCE:

Central Garden & Pet sees FY2017 EPS of $1.44, versus the consensus of $1.41.

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