Business
Central Garden & Pet Raises Fiscal 2025 Non-GAAP EPS Outlook; Fiscal 2025 Non-GAAP EPS Now Expected to Be Approximately $2.60
Improved Outlook Driven by Strong Execution and Cost and Simplicity Initiatives Continued Focus on Strategic Investments to Drive Long-Term Profitable Growth
About this update from Central Garden & Pet Company
[{"type":"text","content":"\nImproved Outlook Driven by Strong Execution and Cost and Simplicity Initiatives\nContinued Focus on Strategic Investments to Drive Long-Term Profitable Growth\nConfidence in Central to Home Strategy and Opportunities Across Pet and Garden Segments\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 that it has raised its outlook for fiscal 2025 non-GAAP earnings per share (EPS) to approximately $2.60.\n\n\n“Fiscal 2025 is tracking ahead of our expectations, reflecting disciplined execution across Team Central,” said Niko Lahanas, CEO of Central Garden & Pet. “Margin expansion is being driven by our Cost and Simplicity initiatives and a favorable product mix. The organization remains highly aligned and focused on delivering value to our consumers and shareholders.”\n\n\nLahanas continued, “As we look toward the remainder of the fiscal year, we want to emphasize that our fourth quarter is seasonally small, and the operating environment remains dynamic. Our outlook reflects continued uncertainty around evolving consumer demand. We remain focused on executing our strategic priorities, including making targeted investments to fuel long-term growth. These investments are expected to enable us to capitalize on opportunities in both the Pet and Garden segments and further advance our Central to Home strategy.”\n\n\nThis updated outlook reflects anticipated shifts in consumer behavior amid macroeconomic and geopolitical uncertainty, challenges within the brick-and-mortar retail landscape, and the weather variability anticipated for the remainder of the fiscal year. This outlook excludes the potential impact of further changes in tariff rates, as well as any acquisitions, divestitures, or restructuring activities that may arise during the remainder of fiscal 2025, including initiatives under the Cost and Simplicity program.\n\n\nCentral anticipates fiscal 2025 capital expenditures of approximately $60 million.\n\n\nThe Company will provide additional details during its fiscal 2025 third-quarter earnings call scheduled for August 6, 2025.\n\n\nAbout Central Garden & Pet\n\n\nCentral Garden & Pet Company (NASDAQ: CENT), (NASDAQ: CENTA) understands that home is central to life and has proudly nurtured happ...