Is Central Garden & Pet Stock Hold or Sell Post Q3 Earnings?
Central Garden & Pet(CENT) ZACKS·2024-09-07 02:05
Central Garden & Pet Company (CENT) reported soft third-quarter fiscal 2024 results, wherein both revenues and earnings declined year over year. The company faced challenges across its Pet and Garden segments, contributing to the decline. Net sales dipped 2.6% compared to the same period last year, and organic sales also dropped by 3%. These results reflect the impact of various operational and market headwinds, including inflationary pressures and shifts in consumer demand. Closing yesterday's session at $ ...