Central Garden & Pet Company (NASDAQ: CENT, CENTA) reported its fiscal 2025 third-quarter financial results, revealing a 4% decrease in net sales to $961 million compared to the same period last year. Despite this decline, the company achieved a 19% increase in net income to $95 million, with non-GAAP net income rising by 11% to $98 million. Earnings per share increased by 28% to $1.52, while non-GAAP earnings per share rose by 18% to $1.56. In the Garden segment, net sales dropped by 4% to $468 million, attributed to the loss of two product lines in Central's third-party distribution business and a late spring affecting some garden businesses. However, Garden segment operating income saw a 33% increase to $83 million, driven by productivity efforts. Adjusted EBITDA for the Garden segment rose by $11 million to $96 million. The Pet segment experienced a 3% decrease in net sales to $493 million, primarily due to assortment rationalization and reduced demand in durable pet products. Operating income for the Pet segment fell by 8% to $76 million, with an operating margin contraction of 90 basis points to 15.5%. Central Garden & Pet's adjusted EBITDA increased by $11 million to $167 million, while net interest expense decreased to $9 million from $10 million in the previous year. The effective tax rate was reported at 25.1%, slightly higher than the prior year's 24.0%.