Central Garden & Pet Company · NASDAQ:CENT
Central Garden & Pet — Q2 2026 Earnings Presentation
21 slides from Central Garden & Pet's earnings presentation, May 6, 2026
Slide 1: Q2 FY2026 Investor Presentation
Q2 FY2026 Investor Presentation 5.6.2026
Slide 2: Q2 Highlights & Outlook
Q2 Highlights & Outlook Niko Lahanas, CEO Financials & Segments Brad Smith, CFO Management Q&A Niko Lahanas, Brad Smith, J.D. Walker, Jason Barnes, John Hanson Q2 FY26 Investor Presentation 2
Slide 3: Forward-looking Statements
Forward-looking Statements The statements contained in this presentation which are not historical facts, including statements concerning productivity initiatives and earnings guidance for fiscal 2026, are forward-looking statements that are subject to risks and uncertainties that could cause actual
Slide 4: Niko Lahanas, CEO
Niko Lahanas CEO Q2 FY26 Investor Presentation 4
Slide 5: Record FY26 Q2 Performance
Record FY26 Q2 Performance Higher Sales Expanded Gross Margin Increased EPS Q2 FY26 Investor Presentation 5
Slide 6: Cost and Simplicity Agenda Delivers Sustainable Benefits
Cost and Simplicity Agenda Delivers Sustainable Benefits • Transitioned DMO business into Covington fulfillment center • Consolidating TDBBS business into dog and cat platform in New Jersey • Formed pet distribution partnership with Phillips Q2 FY26 Investor Presentation 6
Slide 7: Multi-year Innovation Journey
Multi-year Innovation Journey Recent highlights include: ▪ Nylabone dog chew toys made with real meat ▪ Farnam’s Endure Gold Killer Fly & Mosquito Control Spray for horses ▪ The Rebel Sun & Shade extension in Grass Seed ▪ Newly awarded private label programs in Grass Seed and Fertilizer Q2 FY26 Inve
Slide 8: Fiscal 2026 Outlook
Fiscal 2026 Outlook Risk & Market Considerations • Tariffs and escalated geopolitical tensions • Heightened macroeconomic uncertainty Reaffirming non-GAAP EPS • Inflationary headwinds expected to intensify guidance of $2.70 or better • Additional pressure on consumer confidence • Consumer focus on v
Slide 9: Brad Smith, CFO
Brad Smith CFO Q2 FY26 Investor Presentation 9
Slide 10: Record FY26 Q2 Performance
Record FY26 Q2 Performance Net Sales Gross Margin Operating Income EPS (in $ millions) (as a percentage (in $ millions) (in $) of Net Sales) +9% +30bps +22% +31% Q2 FY26 Investor Presentation 10
Slide 11: FY26 Q2 Pet Segment Performance
FY26 Q2 Pet Segment Performance Results Tailwinds & Successes • Strong performance in Dog & Cat, Equine, and • Net sales: $477 million Professional • Operating margin: 16.3% • Outdoor Cushion orders • Adjusted EBITDA: shifting from Q1 into Q2 $89 million • Gained market share in rawhide, dog treats,
Slide 12: FY26 Q2 Garden Segment Performance
FY26 Q2 Garden Segment Performance Results Tailwinds & Successes • Initial retailer shipments shifting from Q1 into Q2 • Net sales: $429 million • Low retailer on-hand • Operating margin: inventory 15.4% • Distribution gains in Grass • Adjusted EBITDA: Seed and Fertilizer $76 million • Share growth
Slide 13: Improved Cash & Liquidity
Improved Cash & Liquidity Cash & Cash Cash used in CapEx Share Equivalents Operations (in $ millions) Repurchases (in $ millions) (in $ millions) (in $ millions) +$137 $(3) +$0.2 $(38) Q2 FY26 Investor Presentation 13
Slide 14: Strong Balance Sheet Positions for Strategic M&A
Strong Balance Sheet Positions for Strategic M&A Long-Term Gross Leverage Borrowings on Debt Ratio(1) ABL Credit Facility (in $ millions) Q2 FY26 Investor Presentation (1) Calculated as Indebtedness / Adj. EBITDA as defined by the Company's ABL credit agreement 14
Slide 15: Q&A Session
Q&A Session Niko Lahanas Brad Smith John Hanson JD Walker Jason Barnes President, President, EVP, CEO CFO Pet Consumer Products Garden Consumer Products Garden Consumer Products Q2 FY26 Investor Presentation 15
Slide 16: Appendix
Appendix IF CENTRAL GARDEN & PET
Slide 17: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures We report our financial results in accordance with GAAP. However, to supplement the financial results prepared in accordance with GAAP, we use non-GAAP financial measures including non-GAAP net income and diluted net income per share, non-GAAP operating income, and
Slide 18: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures Non-GAAP financial measures reflect adjustments based on the following items: • Facility closures and business exit: we have excluded charges related to the closure of distribution and manufacturing facilities and our decisions to exit businesses as they represent
Slide 19: GAAP to Non-GAAP Reconciliation for the Fiscal Quarter Ended
GAAP to Non-GAAP Reconciliation for the Fiscal Quarter Ended (in thousands, except for per share amounts) Net Income & Diluted Net Income Per Share Reconciliation March 28, 2026 March 29, 2025 GAAP net income attributable to Central Garden & Pet Company $ 79,421 $ 63,633 Facility closures (1) (2) 22
Slide 20: GAAP to Non-GAAP Reconciliation for the Fiscal Quarter Ended
GAAP to Non-GAAP Reconciliation for the Fiscal Quarter Ended (in thousands) Operating Income Reconciliation Pet Segment Operating Income Reconciliation March 28, 2026 March 28, 2026 March 29, 2025 Non-GAAP GAAP operating income $ 77,822 $ 60,614 GAAP adjustments(1) Non-GAAP Facility closures (1) (2)
Slide 21: GAAP to Non-GAAP Reconciliation for the Fiscal Quarter Ended
GAAP to Non-GAAP Reconciliation for the Fiscal Quarter Ended (in thousands) Adjusted EBITDA Reconciliation March 28, 2026 March 29, 2025 Net income attributable to Central Garden & Pet Company $ 79,421 $ 63,633 Interest expense, net 9,084 9,358 Other (income) expense 351 (744) Income tax expense 24,
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