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Stock impact report

Central Garden & Pet Co (CENT) Q1 Fiscal 2024 Earnings: Margins Improve Amidst Modest Sales ... [Yahoo! Finance]

Central Garden & Pet Company (CENT) 
Last central garden & pet company earnings: 2/5 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: central.com
Company Research Source: Yahoo! Finance
Gross Margin : Improved by 80 basis points to 28.2%, reflecting effective cost management. Operating Income : Increased to $8 million from $0.4 million, with operating margin expanding by 120 basis points. Adjusted EBITDA : Grew to $37 million from $29 million in the previous year. Cash Position : Ended the quarter with a strong cash balance of $341 million, driven by inventory conversion to cash. Fiscal 2024 Guidance : Reaffirmed non-GAAP EPS expectation of $2.50 or better. Warning! GuruFocus has detected 6 Warning Sign with CENT. On February 7, 2024, Central Garden & Pet Co ( NASDAQ:CENT ) released its 8-K filing , announcing financial results for the first quarter of fiscal 2024. The company, a market leader in the Pet and Garden industries, reported a modest increase in net sales to $635 million, a 1% rise compared to the same period last year. This growth was driven by early season shipments and improved gross margin, which saw an 80 basis point increase to 28.2%. Show less Read more
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