Central Garden & Pet posts sales of $436 million (€386M) for its pet segment in the last quarter
It represents 5% less than in the previous three months, when the US retailer achieved $459 million (€406.3M) in transactions.
The company said to investors that in the period ended 25th December 2021 there was a decline in sales of pet beds and small animal supplies, while there was a “notable contribution” of dog toys, rawhide, equine, reptile and health & wellness.
Online sales in the pet category represented 22% of the total transactions in the period.
Despite the slight decrease in the number of sales, the income for the segment grew by 4% to $45 million (€39.8M) thanks to increased pricing.
Global net sales registered a “solid performance” of $661 million (€585.1M), a 12% increase against the same period of last year ($592M / €524M) driven by the recent acquisitions.
In November 2021, Central Garden & Pet invested in eco pet product UK start-up Project Bly.
“Our recent acquisitions exceeded our expectations for the quarter, and we remain encouraged by the fundamentals of our organic business in light of the extraordinary growth in the prior year,” said the company’s CEO Tim Cofer.
Cofer also warned that the company expects “continued inflationary pressures and supply chain disruption” in 2022. Despite this, Central expects to increase investment in brand building and e-commerce.
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