Central Garden & Pet
The 10-second takeaway
For the quarter ended Dec. 29 (Q1), Central Garden & Pet met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP loss per share grew.
Margins dropped across the board.
Central Garden & Pet recorded revenue of $292.5 million. The five analysts polled by S&P Capital IQ predicted revenue of $292.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.32. The four earnings estimates compiled by S&P Capital IQ averaged -$0.28 per share. GAAP EPS were -$0.32 for Q1 compared to -$0.27 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.3%, 40 basis points worse than the prior-year quarter. Operating margin was -4.5%, 80 basis points worse than the prior-year quarter. Net margin was -5.2%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $496.5 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $1.73 billion. The average EPS estimate is $0.79.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 111 members out of 131 rating the stock outperform, and 20 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Central Garden & Pet a green thumbs-up, and eight give it a red thumbs-down.
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