Central Garden & Pet Q3 2024 Adj. EPS $1.32 Beats $1.21 Estimate, Sales $996.348M Miss $1.002B Estimate
Portfolio Pulse from Benzinga Newsdesk
Central Garden & Pet (NASDAQ:CENT) reported Q3 2024 adjusted EPS of $1.32, beating the estimate of $1.21. However, sales of $996.348 million missed the $1.002 billion estimate and were down 2.61% year-over-year.
August 07, 2024 | 8:03 pm
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Central Garden & Pet reported Q3 2024 EPS of $1.32, beating estimates by 9.09%. However, sales of $996.348 million missed estimates and were down 2.61% YoY.
The EPS beat is a positive sign, indicating better-than-expected profitability. However, the sales miss and YoY decline could raise concerns about revenue growth. The mixed results may lead to a neutral short-term impact on the stock price.
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