Central Garden & Pet Q2 Adj $0.93 Beats $0.80 Estimate, Sales $900.09M Beat $887.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Central Garden & Pet (NASDAQ:CENT) reported Q2 earnings of $0.93 per share, surpassing the $0.80 estimate, marking a 29.17% increase from last year. Sales reached $900.09M, beating the $887.42M estimate but slightly down by 0.98% from the previous year.
May 08, 2024 | 8:04 pm
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Central Garden & Pet reported higher-than-expected Q2 earnings and sales, with EPS at $0.93 and sales at $900.09M, indicating strong performance.
CENT's earnings and sales beat are significant indicators of the company's strong performance and operational efficiency. The earnings beat by 16.25% and the slight sales beat, despite a minor year-over-year decrease, suggest a positive outlook for the company's stock in the short term. Investors typically react positively to earnings beats, which can lead to an increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100