Central Garden & Pet Third Quarter 2024 Earnings: EPS Misses Expectations

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Central Garden & Pet (NASDAQ:CENT) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$996.3m (down 2.6% from 3Q 2023).

  • Net income: US$79.7m (down 4.1% from 3Q 2023).

  • Profit margin: 8.0% (down from 8.1% in 3Q 2023). The decrease in margin was driven by lower revenue.

  • EPS: US$1.21 (down from US$1.58 in 3Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Central Garden & Pet EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Household Products industry in the US.

Performance of the American Household Products industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Central Garden & Pet you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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