Quarterly ResultMay 7, 2026, 02:34 PM
Central Garden & Pet Acquires Champion USA; Q2 Net Sales +8.7%
AI Summary
Central Garden & Pet Company reported strong financial results for the three months ended March 28, 2026, with net sales increasing by 8.7% and diluted EPS rising by 30.6%. The company also announced the acquisition of Champion USA LLC's U.S. assets for $57 million in cash, a strategic move to expand its cattle fly-control business. Despite increased cash usage in operating and investing activities, the company's overall financial position strengthened.
Key Highlights
- Acquired U.S. assets of Champion USA LLC for approximately $57 million in cash on December 12, 2025.
- Net sales for the three months ended March 28, 2026, increased 8.7% to $906.15 million.
- Net income attributable to Central Garden & Pet Company rose 24.8% to $79.42 million for the quarter.
- Diluted EPS for the quarter was $1.28, a 30.6% increase year-over-year.
- Net cash used in operating activities for six months was $119.86 million.
- Net cash used in investing activities for six months was $78.32 million.
- Repurchased $27.87 million of common stock during the six months ended March 28, 2026.
- Total assets stood at $3.75 billion as of March 28, 2026.