Central Garden & Pet is grappling with sales declines in the Pet and Garden segments due to macroeconomic factors and adverse weather.
CENT is grappling with weak performance in its Pet and Garden segments, compounded by shifts in consumer demand.
Central Garden & Pet Company is facing softness in new pet adoptions as well as lower foot traffic at home center retailers.
Start Time: 16:30 January 1, 0000 5:23 PM ET Central Garden & Pet Company (NASDAQ:CENT ) Q3 2024 Earnings Conference Call August 07, 2024, 16:30 PM ET Company Participants Mary Beth Springer - Interim CEO Niko Lahanas - CFO J.D. Walker - President, Garden Consumer Products John Hanson - President, Pet Consumer Products Friederike Edelmann - VP, IR and Corporate Sustainability Conference Call Participants Brad Thomas - KeyBanc Capital Markets Bill Chappell - Truist Securities Jim Chartier - Monness, Crespi and Hardt Brian McNamara - Canaccord Genuity Shovana Chowdhury - JPMorgan William Reuter - Bank of America Carla Casella - JPMorgan Operator Ladies and gentlemen, thank you for standing by.
Central Garden & Pet's (CENT) third-quarter results reflect a net sales decline of 6.1% in the Garden segment. Nonetheless, the company has been containing costs and simplifying its portfolio.
Central Garden (CENT) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.40 per share a year ago.
Central Garden (CENT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Reynolds (REYN), Central Garden & Pet (CENT), The Honest Company (HNST) and Lifetime Brands (LCUT) focus on a superior product strategy and prudent capital investments.