Shares of Central Garden & Pet Company (CENT) soared 5.11% in intraday trading following the release of its fiscal 2025 third quarter earnings report. The company, a leader in the pet and garden industries, outperformed analyst expectations with its normalized earnings per share (EPS).
Central Garden & Pet reported a normalized EPS of $1.56, significantly surpassing the consensus estimate of $1.43. This represents a positive surprise of 9.09%, demonstrating the company's strong financial performance despite challenging market conditions. CEO Niko Lahanas emphasized the company's resilience and strategic execution in operations during the earnings call.
While revenue slightly missed expectations at $960.91 million, compared to the projected $996.08 million, investors appear to be focusing on the company's profitability and cost-efficiency measures. CFO Brad Smith highlighted the company's emphasis on cost-efficiency and growth opportunities in both the pet and garden consumer products sectors. The market's positive reaction suggests confidence in Central Garden & Pet's ability to navigate current market challenges and maintain profitability.
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