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Central Garden & Pet (CENT)
NASDAQ:CENT
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-$0.02Last Year’s EPS
<$0.01Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 25, 2024
|% Change Since: 3.17%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
Central faced a challenging fiscal year with declining net sales and significant fourth quarter losses. However, they have made notable progress in their cost-saving initiatives and achieved record-breaking cash flow, which positions them for future growth. The company remains focused on navigating a tough consumer and competitive landscape, with strategic investments planned for fiscal '25.Company Guidance
During Central's Fourth Quarter Fiscal 2024 Earnings Call, the company provided guidance for Fiscal 2025, projecting a non-GAAP EPS of $2.20 or higher. Despite a challenging environment, including soft demand in the pet segment and adverse weather impacting the garden segment, Central achieved growth in non-GAAP EPS and a record year for operating cash flow. The company continues to focus on its Cost and Simplicity program, which aims to streamline operations and enhance efficiency across various areas, including manufacturing and logistics. For fiscal 2025, Central anticipates navigating a difficult consumer and competitive landscape, with particular emphasis on maintaining operational excellence and pursuing strategic M&A opportunities. The company ended fiscal 2024 with $3.2 billion in net sales, a 3% decrease from the prior year, and adjusted EBITDA of $334 million.Cost and Simplicity Program Progress
Central made significant progress on their Cost and Simplicity program, consolidating operations, scaling production, optimizing transportation, and streamlining live plant operations. This is expected to drive margin expansion and support organic growth and strategic M&A.
Record-Breaking Cash Flow
Central achieved a record-breaking year of operating cash flow with $395 million in fiscal '24, reflecting a 3% increase from the previous year.
Pet Segment Achievements
Despite challenges, the Pet segment maintained its market share with strong e-commerce growth, reaching a record high of 29% of total pet sales, and saw resilience in consumables with continued POS growth.
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CENT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CENT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | $38.81 | $39.83 | +2.63% |
| Aug 07, 2024 | $38.00 | $40.22 | +5.84% |
| May 08, 2024 | $41.73 | $46.50 | +11.43% |
| Feb 07, 2024 | $36.74 | $38.99 | +6.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Central Garden & Pet (CENT) report earnings?
Central Garden & Pet (CENT) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Central Garden & Pet (CENT) earnings time?
Central Garden & Pet (CENT) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CENT EPS forecast?
CENT EPS forecast for the fiscal quarter 2025 (Q1) is -$0.02.
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