NASDAQ$CENTA
Central Garden & Pet Company · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Net sales increased, but earnings decreased due to rising costs and strategic investments.
Central Garden & Pet reported a net sales increase of 9% to $739 million, driven by acquisitions. However, the company experienced a net loss of $3.0 million, or $0.06 per share, compared to a net income of $14 million, or $0.25 per share, in the prior year quarter due to rising costs and strategic investments.
- Net sales increased 9% to $739 million, driven by acquisitions.
- Organic sales declined 1% due to unprecedented growth in the prior year quarter.
- The company reported a net loss of $3.0 million, or $0.06 per share.
- Operating margin decreased due to rising costs for key commodities, freight, and labor, as well as heightened strategic investment spending.
Headline financials
Revenue & EPS history
Central Garden & Pet · Revenue · Quarterly
$739M
Revenue by segment
Central Garden & Pet · $750M total across 2 segments · Q4 2023
- Pet Segment$483M+9.8%64.4%
- Garden Segment$267M-0.4%35.6%
Forward guidance
The Company currently projects fiscal 2022 GAAP EPS of $3.10 or better. The outlook includes the Company's anticipated investments in capacity expansion and automation at or slightly above fiscal 2021 levels, increased investments in brand building and eCommerce to drive sustainable growth, increasing costs for key commodities, freight and labor, muted consumer demand patterns following extraordinary demand spanning the last two fiscal years, as well as pricing actions across the Company's portfolio to help mitigate inflationary headwinds. The Company expects the impact of the headwinds to be more heavily front-half weighted.
Tailwinds
- Anticipated investments in capacity expansion and automation at or slightly above fiscal 2021 levels
- Increased investments in brand building
- Increased investments in eCommerce to drive sustainable growth
- Pricing actions across the Company's portfolio to help mitigate inflationary headwinds
Headwinds
- Increasing costs for key commodities
- Increasing costs for freight
- Increasing costs for labor
- Muted consumer demand patterns following extraordinary demand spanning the last two fiscal years
- The impact of the headwinds to be more heavily front-half weighted
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 Q4 2021
-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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