NASDAQ$CENTA
Central Garden & Pet Company · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Net sales increased due to recent acquisitions, and GAAP EPS grew, despite inflationary pressures and heightened investment spending.
Central Garden & Pet reported a solid first quarter, with net sales increasing by 12% to $661 million, driven by recent acquisitions. Diluted GAAP EPS grew to $0.16. The company maintains its outlook for fiscal 2022 diluted GAAP EPS of $3.10 or better.
- Net sales increased 12% to $661 million, with acquisitions contributing $70 million.
- Organic sales were in line with the prior year quarter.
- Diluted GAAP EPS grew $0.06 to $0.16 compared to prior year quarter.
- The Company continues to expect fiscal 2022 GAAP EPS to be $3.10 or better.
Headline financials
Revenue & EPS history
Central Garden & Pet · Revenue · Quarterly
$661M
Revenue by segment
Central Garden & Pet · $661M total across 2 segments · Q1 2022
- Pet Segment$436M-0.1%66.0%
- Garden Segment$225M+44.4%34.0%
Forward guidance
The Company continues to expect fiscal 2022 GAAP EPS to be $3.10 or better.
Tailwinds
- Anticipated pricing actions across the Company's portfolio
- Investments in capacity expansion
- Brand building
- Consumer insights
- Innovation and eCommerce to drive sustainable growth
Headwinds
- Increasing costs for commodities
- Increasing costs for freight
- Increasing costs for labor
- Headwinds associated with a return to more normalized consumer demand patterns following extraordinary demand spanning two fiscal years
- Resuming more historical levels of promotional activity
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.4%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+0.4%
Avg return
30 days after
53%
34 / 64 earnings
Positive
+18.5%
Q1 2016
Best reaction
-22.9%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +3.2% | +2.2% | +4.9% | |
| Q1 2026 | +0.0% | -1.4% | -0.9% | |
| Q4 2025 | +8.2% | +8.2% | +3.3% | |
| Q2 2025 | +0.3% | +6.3% | +4.4% | |
| Q1 2025 | -0.9% | +0.8% | +0.1% | |
| Q4 2024 | -0.2% | +2.9% | -1.4% | |
| Q3 2024 | +5.0% | +0.5% | +0.7% | |
| Q2 2024 | +11.9% | +11.8% | +0.3% | |
| Q1 2024 | +5.6% | +14.6% | +6.9% | |
| Q4 2023 | -10.8% | -10.2% | +6.6% | |
| Q3 2023 | +15.6% | +12.8% | +8.0% | |
| Q2 2023 | +6.3% | +4.0% | +2.0% | |
| Q1 2023 | +4.0% | +7.4% | +0.0% | |
| Q4 2022 | -8.8% | -9.0% | -13.4% | |
| Q3 2022 | +0.7% | +3.2% | -11.3% | |
| Q2 2022 | +0.7% | +3.7% | +2.7% | |
| Q1 2022 | +0.3% | -6.3% | -1.1% | |
| Q4 2021 | -3.6% | -5.4% | -2.8% | |
| Q3 2021 | -3.0% | -1.9% | -8.0% | |
| Q2 2021 | +5.8% | +5.5% | -1.0% | |
| Q1 2021 | +5.2% | +6.3% | +11.8% | |
| Q4 2020 | +1.7% | +0.2% | -6.1% | |
| Q3 2020 | +7.1% | +6.3% | -0.1% | |
| Q2 2020 | +2.3% | +8.4% | +10.7% | |
| Q1 2020 | -1.8% | -3.8% | -10.8% | |
| Q4 2019 | -18.4% | -16.5% | +0.1% | |
| Q3 2019 | -22.9% | -24.1% | -12.7% | |
| Q2 2019 | +4.4% | +5.4% | +2.6% | |
| Q1 2019 | -21.0% | -22.2% | -24.5% | |
| Q4 2018 | +2.6% | +10.0% | +4.8% | |
| Q3 2018 | -0.4% | +0.7% | -9.4% | |
| Q2 2018 | +5.4% | +9.8% | +13.5% | |
| Q1 2018 | +8.6% | +5.4% | +7.7% | |
| Q4 2017 | +3.5% | +5.3% | +4.1% | |
| Q3 2017 | +11.7% | +11.0% | +12.4% | |
| Q2 2017 | +3.3% | +0.2% | -6.7% | |
| Q1 2017 | -4.3% | -7.1% | +0.6% | |
| Q4 2016 | +9.0% | +12.3% | +12.9% | |
| Q3 2016 | +7.1% | +7.7% | +6.0% | |
| Q2 2016 | -2.8% | — | — | |
| Q1 2016 | +18.5% | — | — | |
| Q4 2015 | +14.9% | — | — | |
| Q3 2015 | +3.1% | — | — | |
| Q2 2015 | -4.3% | — | — | |
| Q1 2015 | +3.5% | — | — | |
| Q4 2014 | +4.1% | — | — | |
| Q3 2014 | -0.4% | — | — | |
| Q2 2014 | -7.4% | — | — | |
| Q1 2014 | +7.5% | — | — | |
| Q4 2013 | -11.5% | — | — | |
| Q3 2013 | -13.5% | — | — | |
| Q2 2013 | -12.0% | — | — | |
| Q1 2013 | -2.8% | — | — | |
| Q4 2012 | -13.1% | — | — | |
| Q3 2011 | -4.2% | — | — | |
| Q4 2011 | -4.2% | — | — | |
| Q3 2012 | -6.1% | — | — | |
| Q2 2012 | -7.4% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q1 2012 | +4.7% | — | — | |
| Q2 2011 | -3.6% | — | — | |
| Q4 2009 | -3.6% | — | — | |
| Q3 2010 | -14.7% | — | — | |
| Q4 2010 | -14.7% | — | — |
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