Central Garden & Pet Company · NASDAQ:CENT
Central Garden & Pet — Q1 2026 Earnings Presentation
21 slides from Central Garden & Pet's earnings presentation, Feb 4, 2026
Slide 1: Q1 FY2026 Investor Presentation
Q1 FY2026 Investor Presentation 2.4.2026
Slide 2: Q1 Highlights & Outlook
Q1 Highlights & Outlook Niko Lahanas, CEO Financials & Segments Brad Smith, CFO Management Q&A Niko Lahanas, Brad Smith, J.D. Walker, John Hanson Q1 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 Q1 FY26 Investor Presentation 4
Slide 5: Solid FY26 Q1 Performance
Solid FY26 Q1 Performance Improved gross margin Non-GAAP EPS consistent with prior year Q1 FY26 Investor Presentation 5
Slide 6: Cost and Simplicity Agenda Delivers Sustainable Benefits
Cost and Simplicity Agenda Delivers Sustainable Benefits • Integrated two garden distribution facilities into our Covington, GA, and Salt Lake City, UT, fulfillment centers • Consolidated a fertilizer manufacturing facility into our Greenfield, MO, location Q1 FY26 Investor Presentation 6
Slide 7: Innovation - A Multi-year Journey
Innovation - A Multi-year Journey ▪ Apply clarity, focus and consistency to fostering a growth mindset and embedding innovation across the organization ▪ Build repeatable ways to identify opportunities, develop products and bring them to market ▪ Expect results to build over time Q1 FY26 Investor Pr
Slide 8: Fiscal 2026 Outlook
Fiscal 2026 Outlook Risk & Market Considerations • Tariffs and escalated geopolitical tensions • Heightened macroeconomic uncertainty Reaffirming non-GAAP • Inflationary headwinds expected to intensify EPS guidance of $2.70 • Additional pressure on consumer confidence or better • Consumer focus on v
Slide 9: Brad Smith, CFO
Brad Smith CFO Q1 FY26 Investor Presentation 9
Slide 10: Solid FY26 Q1 Performance - Non-GAAP
Solid FY26 Q1 Performance - Non-GAAP Net Sales Non-GAAP Non-GAAP Non-GAAP (in $ millions) Gross Margin Operating Income EPS (as a percentage (in $ millions) (in $) of Net Sales) (6)% +100bps $(4) in line Q1 FY26 Investor Presentation 10
Slide 11: FY26 Q1 Pet Segment Performance
FY26 Q1 Pet Segment Performance Results Tailwinds & Successes Challenges • Grew consumables at low • Portfolio actions and single-digits rate timing dynamics: • Net sales: $416 million • Drove sales growth in ◦ lower durables volumes • Non-GAAP operating Rawhide, Wild Bird, ◦ shipment timing margin:
Slide 12: FY26 Q1 Garden Segment Performance
FY26 Q1 Garden Segment Performance Results Tailwinds & Successes Headwinds • Shipment timing • Continued growth in • Transition of two • Net sales: $202 million product lines in third- Wild Bird • Non-GAAP operating party distribution margin: (1.2)% • Share growth overall business to direct-to- with
Slide 13: Improved Cash & Liquidity
Improved Cash & Liquidity Cash & Cash Cash used by CapEx Share Equivalents Operations (in $ millions) Repurchases (in $ millions) (in $ millions) (in $ millions) +$103 +$1 +$5 $(34) Q1 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) Q1 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 President, President, CEO CFO Pet Consumer Products Garden Consumer Products Q1 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
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 December 27, 2025 December 28, 2024 GAAP net income attributable to Central Garden & Pet Company $ 6,841 $ 14,009 Facility closures (1) 7
Slide 20: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation for the Fiscal Quarter Ended (in thousands) Operating Income Reconciliation Pet Segment Operating Income Reconciliation December 27, 2025 December 27, 2025 December 28, 2024 Non-GAAP GAAP operating income $ 49,800 $ 51,257 GAAP adjustments(1) Non-GAAP Facility closure
Slide 21: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation for the Fiscal Quarter Ended (in thousands) Adjusted EBITDA Reconciliation December 27, 2025 December 28, 2024 Net income attributable to Central Garden & Pet Company $ 6,841 $ 14,009 Interest expense, net 7,767 7,730 Other (income) expense (182) 1,717 Income tax expe
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