Central Garden & Pet (CENT) Tops Q2 EPS by 12c

Central Garden & Pet (NASDAQ: CENT) reported Q2 EPS of $1.39, $0.12 better than the analyst estimate of $1.27. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.02 billion.

Fiscal 2022 Guidance:

As indicated in our press release dated June 22, 2022, the Company expects fiscal 2022 GAAP EPS to be at or above prior year. The outlook takes into account increasing costs for commodities and freight, exacerbated by the current geopolitical environment, labor and a return to more normalized consumer demand patterns following extraordinary demand spanning two fiscal years. This guidance further includes anticipated pricing actions across the Company's portfolio as well as investments in capacity expansion, brand building, consumer insights, innovation and eCommerce to drive sustainable growth. This outlook does not include the impact of acquisitions that may close during fiscal 2022.

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

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