Quarterly ResultMay 6, 2026, 04:24 PM
Central Garden & Pet Q2 Net Sales $906M, EPS $1.28; Reaffirms FY26 Outlook
AI Summary
Central Garden & Pet Company announced record financial results for its second quarter fiscal year 2026, with net sales increasing to $906 million and GAAP diluted EPS rising to $1.28. The company also reaffirmed its fiscal 2026 non-GAAP diluted EPS outlook of $2.70 or better. Following the quarter, Central Garden & Pet entered into a strategic pet distribution partnership with Phillips, aiming to simplify its business and strengthen its focus on branded portfolios.
Key Highlights
- Q2 fiscal 2026 net sales increased to $906 million from $834 million year-over-year.
- Q2 GAAP diluted EPS rose to $1.28 from $0.98 in the prior year.
- Company reaffirmed fiscal 2026 non-GAAP diluted EPS outlook of $2.70 or better.
- Pet segment net sales grew to $477 million from $454 million.
- Garden segment net sales increased to $429 million from $380 million.
- Entered a pet distribution partnership with Phillips, retaining a 20% ownership stake.
- Repurchased 110 thousand shares for $3.4 million during the quarter.
- Cash and cash equivalents totaled $653 million as of March 28, 2026.