Business
Central Garden & Pet Announces Q3 Fiscal 2025 Financial Results
Delivers fiscal 2025 Q3 GAAP EPS of $1.52 vs. $1.19 and non-GAAP EPS of $1.56 vs. $1.32 a year ago Reaffirms outlook for fiscal 2025 non-GAAP EPS of
About this update from Central Garden & Pet Company
[{"type":"text","content":"\nDelivers fiscal 2025 Q3 GAAP EPS of $1.52 vs. $1.19 and non-GAAP EPS of $1.56 vs. $1.32 a year ago\n\n\nReaffirms outlook for fiscal 2025 non-GAAP EPS of approximately $2.60\n\n\n WALNUT CREEK, Calif.--(BUSINESS WIRE)--\nCentral Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a leading company in the pet and garden industries, today announced financial results for its fiscal 2025 third quarter ended June 28, 2025.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250806748195/en/\n“We’re proud of our solid third-quarter performance, which reflects the strength of our strategic priorities in action,” said Niko Lahanas, CEO of Central Garden & Pet. “Our team’s dedication, collaboration across business units and strong execution—especially through our Cost and Simplicity program—drove meaningful margin expansion and year-over-year GAAP and non-GAAP earnings growth despite expected softer sales. Even in the face of broader macroeconomic and geopolitical uncertainty, we continue to deliver on our Central to Home strategy with excellence and consistency.”\n\n\nAll comparisons are against the third quarter of fiscal 2024.\n\n\nFiscal 2025 Third Quarter Financial Results\n\n\nNet sales were $961 million, a decrease of 4%.\n\n\nGross profit was $332 million, an increase of 5%. Gross margin expanded by 280 basis points to 34.6%, driven by productivity efforts from Central's Cost and Simplicity program.\n\n\nSG&A expense was $197 million, a decrease of 2% reflecting cost discipline across the organization. Due to lower net sales, SG&A as a percentage of net sales increased by 30 basis points to 20.5%.\n\n\nOperating income was $135 million, an increase of 17%. Operating margin expanded by 250 basis points to 14.1%. Non-GAAP operating income was $139 million, an increase of 9%. On a non-GAAP basis, operating margin expanded by 170 basis points to 14.5%.\n\n\nNet interest expense was $9 million compared to $10 million.\n\n\nNet income was $95 million, an increase of 19%. Non-GAAP net income was $98 million, an increase of 11%.\n\n\nEarnings per share were $1.52, an increase of 28%. Non-GAAP earnings per share were $1.56, an increase of 18%.\n\n\nAdjusted EBITDA was $167 million, an increase of $11 million.\n\n\nThe effective tax rate was 25.1% compared to 24.0% ...