Central Garden & Pet reported third-quarter fiscal 2026 results with net sales declining 8% to $882 million, impacted by the exit of the Pet distribution business, while organic net sales rose 2% to $862 million. Non-GAAP diluted EPS was $1.54 compared to $1.56 a year ago, and the company raised its full-year non-GAAP diluted EPS guidance to $2.85 or better, up from $2.70 or better. The Pet segment saw net sales fall 19% to $400 million due to the distribution exit, but organic sales grew 2% to $380 million, and operating margin improved 320 basis points to 19%. The Garden segment delivered a 3% sales increase to $482 million, with operating margin expanding 70 basis points to 18.9%, driven by distribution wins and strong demand in fertilizer, wild bird, and grass seed. Cash provided by operations reached a quarterly record of $327 million, and net leverage fell to an all-time low of 0.5 times, providing significant financial flexibility for future M&A, including the announced acquisition of European pet supplies company TRIXIE.
Central Garden & Pet Company ARaises fiscal 2026 EPS guidance to $2.85 or better, up from $2.70.
Central Garden & Pet announced acquisition of TRIXIE, a European pet supplies company.
