Central Garden & Pet (CENT) Tops Q3 EPS by 5c; Raises Outlook

Central Garden & Pet (NASDAQ: CENT) reported Q3 EPS of $0.48, $0.05 better than the analyst estimate of $0.43. Revenue for the quarter came in at $514.5 million versus the consensus estimate of $490.85 million.

"Central's strong showing this quarter continues its trend of revenue and profit growth," said George Roeth, President & CEO of Central Garden & Pet. "The areas where we have been focused are the main drivers of our success. Organic sales growth was driven by our customer first orientation, our gross margin expansion was enabled by executing on key cost savings initiatives, and our bottom line was enhanced by the effective on-going integration of our recent acquisitions and exiting an unprofitable business."

GUIDANCE:

Central Garden & Pet sees FY2016 EPS of $1.18, versus the consensus of $1.10.

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

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