It’s been a flat quarter for Central Garden & Pet
The Californian supplier’s pet segment increased sales by 1% from January to March.
Net sales for Central’s pet portfolio hit $480.2 million (€445.2M) in the second quarter of its fiscal year (FY) 2024. During the same period in 2023, they accounted for $475.2 million (€440M).
The company says the slight increase was led by growth in its consumables business and the acquisition of Virginia-based premium pet food manufacturer TDBBS in late 2023.
Central’s pet business’s operating income was $63 million (€58.4M) from January to March 2024, 13% more than during the same period last year.
In the 6 months to 30 March 2024, net pet sales increased marginally by 0.2% to $889.4 million (€825M). Organic net sales in the category declined 3.8% to $856.9 million (€795M) during the same period, excluding the impact of TDBBS.
Global net sales for Central Garden & Pet were down 1% in Q2 FY 2024 to $900 million ($835M). Gross profit slightly increased to $279 million (€258.8M) against $260 million (€241.2M) in 2023.
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