Central Garden & Pet Q1 2024 GAAP EPS $0.01 Beats $(0.17) Estimate, Sales $634.53M Beat $619.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Central Garden & Pet (CENTA) reported Q1 2024 earnings of $0.01 per share, surpassing the $(0.17) estimate, with sales of $634.53M beating the $619.95M estimate, marking a 1.09% increase from the previous year.
February 07, 2024 | 9:35 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
CENTA's Q1 2024 earnings and sales exceeded analyst estimates, showing a positive growth compared to last year.
CENTA's earnings per share of $0.01 significantly beat the $(0.17) estimate, and its sales of $634.53M also surpassed the $619.95M estimate. This positive financial performance, especially the earnings beat by 105.88 percent and sales beat by 2.35 percent, indicates strong operational efficiency and market demand for CENTA's products. The year-over-year sales growth of 1.09 percent further confirms the company's upward trajectory, likely leading to increased investor confidence and a positive short-term impact on CENTA's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100