Central Garden & Pet Q2 2024 Adj EPS $0.99 Beats $0.80 Estimate, Sales $900.000M Beat $887.420M Estimate
Portfolio Pulse from Benzinga Newsdesk
Central Garden & Pet (CENT) reported Q2 2024 adjusted EPS of $0.99, surpassing the $0.80 estimate, with sales of $900M also beating the $887.42M estimate. However, this represents a 0.99% decrease in sales compared to the same period last year.
May 08, 2024 | 8:03 pm
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CENT's Q2 2024 earnings and sales exceeded estimates, with an EPS of $0.99 against an $0.80 estimate and sales of $900M against an $887.42M estimate.
CENT's performance exceeding analyst expectations on both earnings per share and sales figures indicates strong financial health and operational efficiency, likely leading to positive investor sentiment in the short term. However, the slight year-over-year sales decrease might temper some of the enthusiasm, but the overall beat on estimates is expected to have a more significant positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100