Central Garden & Pet Q1 Gaap EPS $0.01 Beats $(0.17) Estimate, Sales $634.53M Beat $619.95M Estimate
Portfolio Pulse from saritha@benzinga.com
Central Garden & Pet (NASDAQ:CENT) reported Q1 GAAP EPS of $0.01, surpassing the $(0.17) estimate, marking a 106.25% increase from last year's $(0.16) per share loss. Sales reached $634.53M, exceeding the $619.95M estimate, a 1.09% increase from the previous year.
February 07, 2024 | 9:29 pm
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Central Garden & Pet reported a significant beat on both EPS and sales estimates for Q1, with EPS at $0.01 against a $(0.17) estimate and sales of $634.53M vs. $619.95M expected.
CENT's earnings beat is significant, showing a strong performance against analyst expectations. This positive surprise, especially the shift from a loss to a profit compared to last year, is likely to instill investor confidence and could lead to a short-term uptick in CENT's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100