财务数据和关键指标变化 - 第二季度销售额为9亿美元,同比下降1%,有机销售额也下降1% [12] - 非GAAP毛利增加8.4%至2.81亿美元,毛利率提升270个基点至31.3%,主要得益于成本和简化项目 [12] - 非GAAP营业利润增加2100万美元至9900万美元,营业利润率提升240个基点至11% [13] - 非GAAP净收入为6600万美元,去年同期为4800万美元 [13] - GAAP每股收益为0.93美元,非GAAP每股收益为0.99美元 [13] - 调整后EBITDA为1.24亿美元,去年同期为1.07亿美元 [13] 各条业务线数据和关键指标变化 宠物业务 - 销售额增长1%至4.8亿美元,主要得益于消费品业务增长和最近的TD DBS收购 [14] - 有机销售额下降3%,主要由于耐用品销售下滑 [14] - 品牌产品表现优于私有品牌,在多个消费品和耐用品类别增加市场份额 [15] - 电商销售占比约25%,增长快于其他渠道 [15] - 营业利润增长13%至6300万美元,营业利润率提升140个基点至13% [16] - 预计消费品将持续增长,耐用品将在2024财年持续承压 [17] 园艺业务 - 销售额下降3%至4.2亿美元,主要由于独立园艺渠道分销业务出售 [18] - 有机销售额增长2%,主要得益于植物、杀虫剂和肥料增长,抵消了野鸟饲料下降 [18] - 非GAAP营业利润增长至6200万美元,营业利润率提升340个基点至14.8% [18] - 消费者对园艺类别保持参与度,渠道门店客流量较去年有所改善 [19] - 品牌产品表现优于私有品牌,电商销售占比5%,同比增长双位数 [19][20] 各个市场数据和关键指标变化 - 宠物用品家庭渗透率在过去几个月趋于平稳,仍高于2019年水平,表明消费者对宠物类别保持参与 [17] - 园艺类别的总分销点数同比中单位数增长,公司在杀虫剂和草种领域增加市场份额 [37] - 零售渠道库存水平较好,促销活动有所增加,公司将适当应对 [79] 公司战略和发展方向及行业竞争 - 公司正在实施成本和简化计划,通过采购、制造、物流、组合优化和行政成本等多个项目来提升效率,为未来投资创造空间 [23][24][25] - 公司将继续通过收购来推动有机增长,认为未来会有大量机会来降低成本 [28] - 公司相信自身的竞争实力,以及宠物和园艺行业的长期积极趋势 [27] 管理层对经营环境和未来前景的评论 - 第三季度去年创下纪录,公司已恢复52周的财年,但预计未来将面临耐用品类别需求疲软、主要零售商客流量下降以及零售商要求降价等挑战 [9] - 公司对业务的长期战略和宠物及园艺行业的积极趋势保持信心,将继续进行谨慎投资 [10] - 公司预计2024财年非GAAP每股收益将达到2美元或更高,假设通胀温和、部分类别需求疲软、主要零售商客流量下降以及宏观经济和地缘政治动荡 [26][27] 问答环节重要的提问和回答 问题1 **Bill Chappell 提问** 宠物业务方面,公司是否看到任何不同于预期的地方,认为全年可能不会像预期那么疲软 [31] **John Hanson 回答** 基本符合预期,消费品优于耐用品,耐用品仍然疲软,但公司在电商等渠道增加了市场份额,家庭渗透率趋于平稳,预计耐用品在2024财年将持续下滑,但长期仍看好该类别 [32] 问题2 **Brad Thomas 提问** 关于毛利率,第二季度表现强劲,第三季度及下半年会有什么影响 [45] **Nicholas Lahanas 回答** 第二季度毛利率提升主要得益于成本和简化项目、温和的通胀以及有利的产品组合,未来仍看好毛利率,虽然通胀预期温和,但产品组合仍是不确定因素 [46][47] 问题3 **Shovana Chowdhury 提问** 是否看到更多的促销活动,是否已反映在指引中 [78] **J.D. Walker 回答** 第二季度末和第三季度开始看到更多促销活动,竞争对手也有信号将加大促销,公司将适当应对,这也是公司保持谨慎态度的原因之一 [79]

Central Garden (CENT) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 19.28%. A quarter ago, it was expected that this maker of products for the pet supply and lawn and garden markets would post a loss of $0.14 per share when it actually produced earnings of $0.01, delivering a surpr ...

CENTRAL GARDEN & PET ANNOUNCES Q2 FISCAL 2024 FINANCIAL RESULTS Fiscal 2024 Q2 net sales of $900 million compared to $909 million a year ago Fiscal 2024 Q2 GAAP EPS of $0.93 vs. $0.72 a year ago, Non-GAAP EPS of $0.99 Maintains outlook for fiscal 2024 non-GAAP EPS of $2.00 or better ($2.50 or better before the February 2024 stock dividend) WALNUT CREEK, Calif. – Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a market leader in the Pet and Garden industries, today announced financia ...

Central Garden & Pet Company (CENT) is set to report second-quarter fiscal 2024 results on May 8 after market close. The Zacks Consensus Estimate for revenues is pegged at $894.5 million, which indicates a decline of 1.6% from the prior-year reported figure. Over the past 30 days, the Zacks Consensus Estimate for second-quarter earnings per share, currently pegged at 83 cents, has risen by a couple of cents. Central Garden & Pet Company has a trailing four-quarter earnings surprise of 37.8%, on average. In ...

Investors are always looking for stocks that are poised to beat at earnings season and Central Garden & Pet (CENT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Central Garden & Petis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a ...

公司战略 - Central Garden & Pet Co. 通过多方面策略加强在宠物和园艺用品领域的地位[1] - 公司专注于降低成本和简化运营，通过减少库存种类、关闭设施和整合新技术等措施提高运营效率[2] - Central Garden & Pet 强调“中心到家”战略，通过数字基础设施改进、供应链效率提高、数据分析和精准营销等举措来增加客户互动[3] 公司发展 - 公司通过收购超过60家公司来加强制造实力、运营整合和分销渠道[4]

RICHMOND, Va.--(BUSINESS WIRE)--Paw Love®, a top brand of premium dog chews and treats in the Central Garden & Pet portfolio (NASDAQ: CENT) (NASDAQ: CENTA), is launching Simply Smoked: a new line of natural dog chews smoked in small batches over real hickory wood. Smoked low and slow in the brand's own smokehouse in Virginia, Simply Smoked chews delight dogs’ senses with the beloved flavor and aroma of smoked meat. The chews are made with premium, all-natural ingredients and no artificial flavors, colors, o ...

It has been about a month since the last earnings report for Central Garden (CENT) . Shares have added about 4.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Central Garden due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Central Garden & Pet Q1 Earnings Top, Ma ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Central Garden (CENT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. Central Garden is a member of our Consumer Discretionary group, which includes 292 different companies and currently sits at #12 in the Zacks Sector Rank. T ...

Driehaus策略 - Driehaus策略是一种“买高卖更高”的投资策略，通过选择具有动量的股票来实现收益[1] - 根据Driehaus策略，选股时关注股价上涨、强劲盈利增长和超过预期的历史的公司[3] - 通过筛选具有Zacks Rank 1和动量评分为A或B的股票，可以提高策略的盈利性[6]