Central Garden & Pet FY2024 GAAP EPS falls to $1.62; non-GAAP EPS rises to $2.13
Central Garden & Pet reported fiscal 2024 net sales of $3.2 billion, down 3% from $3.3 billion, with GAAP diluted EPS of $1.62 versus $1.88 a year earlier and non-GAAP diluted EPS of $2.13 versus $2.07. The company expects fiscal 2025 non-GAAP EPS of $2.20 or better, while fourth-quarter results included a net loss of $34 million.
- Fiscal 2024 net sales were $3.2 billion, down 3%; organic net sales fell 4%.
- Fourth-quarter net sales were $669 million, down 11%, and the company posted a GAAP net loss of $34 million, or $0.51 per diluted share.
- Fiscal 2025 non-GAAP EPS is expected to be $2.20 or better, according to the company's outlook.
- Cash and cash equivalents were $754 million at September 28, 2024, compared with $489 million a year earlier.