Overview
Q4 sales of $678.18 mln beat analyst expectations
Central Garden & Pet fiscal 2025 net sales fall 2% to $3.1 bln
Adjusted EPS for fiscal 2025 rises to $2.73 from $2.13
Company expects fiscal 2026 non-GAAP EPS of $2.70 or better
Outlook
Central expects fiscal 2026 non-GAAP EPS of $2.70 or better
Capital spending projected at $50 mln to $60 mln for fiscal 2026
Outlook considers competitive retail environment and inflation in certain commodities
Result Drivers
COST AND SIMPLICITY AGENDA - Central's margin expansion and profitability were driven by its multi-year Cost and Simplicity agenda, which improved logistics and reduced complexity
GARDEN SEGMENT DEMAND - Increased consumer demand in the Garden segment, driven by an extended selling season and strong retail execution, contributed to sales growth in Q4
U.K. OPERATIONS WIND-DOWN - Closure of U.K. operations and lower durables sales impacted Pet segment sales
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$678.18 mln
$657.32 mln (5 Analysts)
Q4 Adjusted EPS
Beat
-$0.09
-$0.20 (6 Analysts)
Q4 EPS
-$0.16
Q4 Net Income
-$10 mln
Q4 Operating Income
Beat
-$6 mln
-$7 mln (3 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for Central Garden & Pet Co is $43.50, about 25.8% above its November 21 closing price of $32.29
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nBwbSYFdXa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)