Central Garden & Pet (NASDAQ:CENT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$996.3m (down 2.6% from 3Q 2023).

• Net income: US$79.7m (down 4.1% from 3Q 2023).

• Profit margin: 8.0% (down from 8.1% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$1.21 (down from US$1.58 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Central Garden & Pet EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Household Products industry in the US.

Performance of the American Household Products industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Central Garden & Pet you should be aware of.

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