Central Garden & Pet (NASDAQ:CENT) Releases Earnings Results

Market Beat
2026.05.07 01:12
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Central Garden & Pet (NASDAQ:CENT) reported quarterly earnings of $1.29 EPS, exceeding estimates of $1.08. Revenue reached $906.15 million, surpassing expectations of $846.58 million, marking an 8.7% increase year-over-year. The company updated its FY 2026 EPS guidance to $2.70. Central's strong liquidity includes $653 million in cash, supporting future growth and M&A. Shares rose to $36.83, with a market cap of $2.29 billion. Insider trading included significant sales by directors, while institutional investors increased their stakes in the company.