CENT Earnings Prediction
The chart below shows how CENT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CENT sees a -0.91% change in stock price 10 days leading up to the earnings, and a +3.51% change 10 days following the report. On the earnings day itself, the stock moves by +0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
CENT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
669.49M
-10.75%
-32.81%
Gross Margin
26.01%
-2.07%
-20.43%
Operating Margin
-3.72%
-349.66%
-129.18%
Net Margin
-5.14%
-1527.78%
-163.61%
EPS
-0.52
-1140.00%
-143.70%
No Data Available
CENT Earnings Analysis
Central Garden and Pet Co Corporation (CENT.O) Earnings Conference Call
Positive
Net Sales Decline: Net sales were $3.2 billion, a decrease of 3% compared to the prior year.
Gross Profit and Margin Expansion: Non-GAAP gross profit for the year was $960 million compared to $957 million, and non-GAAP gross margin expanded by 110 basis points to 30%, driven by productivity efforts throughout the year and moderating inflation.
Record Cash from Operations: Cash provided by operations was at an all-time high of $395 million in fiscal 2024, versus $382 million in the prior year.
Non-GAAP EPS Growth: We delivered growth in non-GAAP EPS, demonstrating our financial resilience.
Margin Expansion and Cash Flow: We successfully expanded our gross margin despite softer category consumption sales, and we achieved a record-breaking cash flow year, solidifying our fortress balance sheet.
Negative
Organic Sales Decline: Organic net sales declined 4%, excluding the impact of the TDBBS acquisition and the sale of our independent garden channel distribution business.
Fourth Quarter Net Sales Decline: Net sales for the fourth quarter were $669 million, down 11% versus the prior year, primarily due to lapsing the extra week last year.
Gross Profit Decline: Non-GAAP gross profit for the quarter was $174 million compared to $199 million, with non-GAAP gross margin contracting 60 basis points to 26%.
Pet Net Sales Decline: Pet net sales decreased 10% to $435 million, with organic net sales decreasing 14%, excluding the impact of TDBBS.
Garden Net Sales Decline: Garden net sales were $234 million, down 12% versus a year ago, with organic net sales decreasing 11%, excluding the sale of the distribution business.
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CENT Earning Call Sentiment
Central Garden & Pet Company (CENT) Q4 2024 Earnings Call Transcript
1.0x
00:00
00:00
CENT.O
0.6%Positive
The earnings call highlights several concerning factors: a decline in net sales and organic sales, a significant operating loss in the Garden segment, and a negative outlook on pricing due to moderated commodities. The Q&A reveals uncertainty in sales guidance and a cautious market outlook. Despite a slight increase in cash and stable debt levels, the negative trends in sales and operating income, along with a challenging pricing environment, suggest a negative stock price movement over the next two weeks.