Central: decreasing net sales in pet segment

Central Garden & Pet Company increased its net sales in its fiscal 2024 first quarter, which ended on 30 December 2023, by 1 per cent to 628 mio dollars. Gross profit was 179 mio dollars, compared with 172 mio in the prior year.

Net sales for the pet segment were 409 mio dollars, as compared with 416 mio dollars in the prior year, a decrease of 2 per cent due to lower sales of durable pet products. Organic net sales decreased by 5 per cent excluding the impact of the recent acquisition of TDBBS.

Pet segment operating income was 43 mio dollars, compared with 40 mio dollars a year ago, an increase of 10 per cent. Pet segment adjusted EBITDA was 54 mio dollars, as compared with 50 mio dollars in the prior year.