Central Garden & Pet's Q1 sales miss estimates

Central Garden & Pet Co

04/02/2026 21:11

Overview

Consumer goods firm's fiscal Q1 2026 revenue missed analyst expectations

Adjusted EPS for fiscal Q1 2026 beat analyst expectations

Company repurchased 660,000 shares for $18.5 mln during the quarter

Outlook

Central reaffirms fiscal 2026 non-GAAP diluted EPS of $2.70 or better

Company projects capital expenditures of $50 mln to $60 mln for fiscal 2026

Result Drivers

SHIPMENT TIMING - Central Garden & Pet reported that shipment timing affected Q1 sales, with volumes shifting into the second quarter

PORTFOLIO OPTIMIZATION - Co's sales were impacted by portfolio optimization efforts, including rationalizing lower-margin categories and closing U.K. operations

COST AND SIMPLICITY AGENDA - Central's Cost and Simplicity agenda is driving margin improvements through streamlining operations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$617 mln
$627.70 mln (5 Analysts)
Q1 Adjusted EPS
Beat
$0.21
$0.14 (5 Analysts)
Q1 EPS
$0.11
Q1 Net Income
$7 mln
Q1 Operating Income
Miss
$17 mln
$19.30 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and 1 "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 $50.00, about 45% above its February 3 closing price of $34.48

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw54kpVCa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)