Central Garden & Pet | 10-K: FY2025 Revenue Beats Estimate at USD 3.129 B

Revenue: As of FY2025, the actual value is USD 3.129 B, beating the estimate of USD 3.109 B.

EPS: As of FY2025, the actual value is USD 2.55.

EBIT: As of FY2025, the actual value is USD 282.85 M.

Pet Segment

• Net Sales: Decreased by $30.8 million, or 1.7%, to $1,802.0 million in fiscal 2025 from $1,832.8 million in fiscal 2024.
• Operating Income: Increased by $12.3 million, or 6.0%, to $215.7 million in fiscal 2025 from $203.4 million in fiscal 2024.
• Operating Margin: Increased from 11.1% in fiscal 2024 to 12.0% in fiscal 2025.

Garden Segment

• Net Sales: Decreased by $40.6 million, or 3.0%, to $1,327.1 million in fiscal 2025 from $1,367.7 million in fiscal 2024.
• Operating Income: Improved by $60.5 million, or 73.9%, to $142.4 million in fiscal 2025 from $81.9 million in fiscal 2024.
• Operating Margin: Improved to 10.7% in fiscal 2025 from 6.0% in fiscal 2024.

Cash Flow

• Net Cash Provided by Operating Activities: Decreased $62.4 million, from $394.9 million in fiscal 2024 to $332.5 million in fiscal 2025.
• Net Cash Used in Investing Activities: Decreased $60.3 million from $105.2 million in fiscal 2024 to $44.9 million in fiscal 2025.
• Net Cash Used in Financing Activities: Increased $131.2 million from $25.4 million in fiscal 2024 to $156.6 million in fiscal 2025.

Outlook / Guidance

• The company anticipates that its principal sources of funds will be cash generated from operations, proceeds from debt and equity offerings, and borrowings under its $600 million asset-backed loan facility.
• Capital expenditures are expected to be approximately $50 to $60 million over the next 12 months.
• The company continues to evaluate potential acquisition candidates and may require additional external capital for material acquisitions.