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What: Shares of Central Garden & Pet
So what: In the fourth quarter, revenue fell 4.5% to $347 million, and the company had a loss of $8.8 million, or $0.14 per share. The loss was a big surprise to analysts, who were expecting positive earnings of $0.14 per share.
Now what: Customers lost their green thumbs in the latest quarter as the garden products segment got hit hard. Pet products couldn't pick up the slack, leaving Central Garden & Pet hoping for better days. Even though this Fool hates selling on a down day, I don't see a lot of positives from this earnings report.
Interested in more info on Central Garden & Pet? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.
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