Central Garden: Fiscal Q4 Earnings Snapshot

Associated Press Finance
2024-11-26

WALNUT CREEK, Calif. (AP) — WALNUT CREEK, Calif. (AP) — Central Garden & Pet Co. (CENT) on Monday reported a fiscal fourth-quarter loss of $34.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Walnut Creek, California-based company said it had a loss of 51 cents. Losses, adjusted for one-time gains and costs, came to 18 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The maker of products for the pet supply and lawn and garden markets posted revenue of $669.5 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $723.8 million.

Central Garden expects full-year earnings to be $2.20 per share.

Central Garden shares have declined 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $38.81, a rise of 21% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CENT at https://www.zacks.com/ap/CENT

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