Central Garden & Pet Company released its financial results for the third quarter of fiscal 2025, reporting net sales of $961 million, a 4% decrease compared to the same period in 2024. Despite the decline in sales, the company achieved a gross profit of $332 million, marking a 5% increase over the previous year. This improvement in gross profit was attributed to a 280 basis point expansion in gross margin to 34.6%, driven by productivity efforts under the company's Cost and Simplicity program. The GAAP net income attributable to Central Garden & Pet Company for the third quarter was reported at $95 million, up from $79.7 million in the same period last year. The GAAP diluted net income per share was $1.52, compared to $1.19 in the previous year. On a non-GAAP basis, net income was $97.9 million, with a non-GAAP diluted net income per share of $1.56, reflecting an increase from $1.32 in the same quarter of 2024. Looking ahead, Central Garden & Pet Company maintains its fiscal 2025 guidance for non-GAAP earnings per share to be approximately $2.60. This outlook considers anticipated shifts in consumer behavior, challenges within the brick-and-mortar retail landscape, and uncertainties regarding the duration of the garden selling season. The outlook excludes potential impacts from changes in tariff rates, acquisitions, divestitures, or restructuring activities. Additionally, the company is consolidating two outdated garden distribution facilities into a larger, modern facility in Salt Lake City, resulting in a charge of $2.2 million in the third quarter.