CENT - Central Garden & Pet GAAP EPS of $0.90 in-line revenue of $909M beats by $9.53M
2023-05-03 16:04:29 ET
- Central Garden & Pet press release ( NASDAQ: CENT ): FQ2 GAAP EPS of $0.90 in-line.
- Revenue of $909M (-4.7% Y/Y) beats by $9.53M .
- Expects fiscal 2023 EPS of $2.35 or better
- This outlook reflects the macroeconomic uncertainty, cost inflation, evolving consumer behavior and unfavorable retailer inventory dynamics, as well as pricing actions and productivity initiatives across the Company's portfolio. The Company anticipates capital spending significantly below fiscal 2022 levels. Fiscal 2023 will have 53 weeks compared to 52 weeks in fiscal 2022. This outlook excludes the impact of any acquisitions or restructuring activities that may occur during fiscal 2023, including any projects under the cost and simplicity program.
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Central Garden & Pet GAAP EPS of $0.90 in-line, revenue of $909M beats by $9.53M