Central Garden & Pet Co (NASDAQ:CENTA) stock surged 7.04% in intraday trading on Thursday, as the company reported robust fiscal first-quarter results and reaffirmed its upbeat outlook for the full year.
The pet and garden supplies company delivered strong earnings growth and net sales expansion in the first quarter, driven by disciplined cost management, easing inflationary pressures, and robust growth in its e-commerce business.
CENTA's new distribution center in Covington, Georgia, has also increased efficiency and reduced the company's distribution footprint, contributing to the positive financial performance. Additionally, the company reaffirmed its fiscal 2025 guidance for non-GAAP earnings per share of $2.20 or higher, bolstering investor confidence in its strategy and outlook.
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