Central Garden & Pet Misses on Both Revenue and Earnings
Central Garden & Pet (NAS: CENT) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 24 (Q2), Central Garden & Pet missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Central Garden & Pet booked revenue of $466.9 million. The three analysts polled by S&P Capital IQ expected revenue of $502.6 million on the same basis. GAAP reported sales were 3.9% lower than the prior-year quarter's $485.7 million.
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 $0.45. The four earnings estimates compiled by S&P Capital IQ predicted $0.54 per share. GAAP EPS of $0.45 for Q2 were 17% lower than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.6%, 200 basis points worse than the prior-year quarter. Operating margin was 9.7%, 260 basis points worse than the prior-year quarter. Net margin was 4.6%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $510.0 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $1.67 billion. The average EPS estimate is $0.55.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 106 members out of 126 rating the stock outperform, and 20 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Central Garden & Pet a green thumbs-up, and eight give it a red thumbs-down.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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