Stock Track | Central Garden & Pet Co Soars 7.55% on Strong Q1 Results and Optimistic Outlook

Stock Track
02-06

Central Garden & Pet Co (CENT) stock soared 7.55% in pre-market trading on Thursday, following the company's strong first-quarter results and reaffirmed fiscal 2025 guidance.

The company reported robust growth in both earnings per share and net sales for the quarter, driven by disciplined cost management, easing inflationary pressures, and robust growth in e-commerce sales. The new distribution center in Covington, Georgia, has also increased efficiency and reduced the distribution footprint.

While CENT anticipates a softer second quarter due to timing of shipments and promotions, the company remains confident in its strategy and outlook. It reaffirmed its fiscal 2025 guidance for non-GAAP EPS of $2.20 or higher, citing ongoing efforts to mitigate challenges such as consumer pressure, competitive promotions, and potential impacts from extreme weather patterns.

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