Central Garden & Pet Co (CENT) Releases Earnings Results, Beats Expectations By $0.05 EPS

Central Garden & Pet Co (CENT) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.43. The company posted revenue of $514.54 million in the period, compared to analysts expectations of $490.85 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Central Garden & Pet Co opened for trading at $24.2 and hit $24.66 on the upside on Friday, eventually ending the session at $24.26, with a gain of 0.29% or 0.07 points. The heightened volatility saw the trading volume jump to 1,49,885 shares. Company has a market cap of $1,222 M.

In a different news, on Jul 18, 2016, William E Brown (Chairman) sold 41,352 shares at $22.99 per share price. According to the SEC, on Jul 6, 2016, John Ranelli (director) sold 7,886 shares at $22.29 per share price. On May 31, 2016, John Balousek (director) sold 25,000 shares at $18.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Central Garden & Pet Company is a marketer and producer of branded products. The Company is the supplier of pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Garden Products and Pet Products. The Company’s pet supplies products include products for dogs and cats including edible bones premium healthy edible and non-edible chews super premium dog and cat food and treats toys pet carriers grooming supplies and other accessories; products for birds among others. The Company’s lawn and garden supplies products include proprietary and non-proprietary grass seed; wild bird feed bird feeders bird houses and other birding accessories; weed grass ant and other herbicide insecticide and pesticide products; and decorative outdoor lifestyle and lighting products including pottery trellises and other wood products and holiday lighting.

Central Garden & Pet Co

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