Central Garden & Pet (CENT) Q2 Earnings Beat, Margins Expand [Yahoo! Finance]
Central Garden & Pet Company - Class A Nonvoting (CENTA)
US:NASDAQ Investor Relations:
central.com
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Source: Yahoo! Finance
While net sales declined, earnings improved year over year owing to the Cost and Simplicity program. Management has been taking steps to strengthen its position in the pet supplies and lawn and garden supplies space. Central Garden & Pet Company is focusing on brand building, containing costs, lowering complexity and improving margins. The company has been expanding its manufacturing capacity and simplifying its portfolio. Let's Delve Deeper Central Garden & Pet reported adjusted quarterly earnings of 99 cents a share, which beat the Zacks Consensus Estimate of 83 cents. The bottom line improved sharply from the year-ago period's earnings of 72 cents a share. The prior year's number was adjusted for the February 2024 stock dividend. Central Garden & Pet Company Price, Consensus and EPS Surprise Central Garden & Pet Company price-consensus-eps-surprise-chart | Central Garden & Pet Company Quote The company generated net sales of $900.1 million, which came ahead of the Zacks
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News
- Central Garden & Pet (NASDAQ: CENTA) had its price target raised by analysts at Truist Financial Co. from $45.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
- Central Garden & Pet (NASDAQ: CENTA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Central Garden & Pet (NASDAQ: CENTA) had its price target raised by analysts at Monness Crespi & Hardt from $39.00 to $42.00. They now have a "buy" rating on the stock.MarketBeat
- Central Garden & Pet Announces Q2 Fiscal 2024 Financial ResultsBusiness Wire
- Central Garden & Pet (NASDAQ: CENTA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat