Central Garden & Pet (CENT) Tops Q1 EPS by 10c

Central Garden & Pet (NASDAQ: CENT) reported Q1 EPS of ($0.12), $0.10 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $307.3 million versus the consensus estimate of $291.7 million.

As indicated last quarter, the Company believes results for its second and third quarters of 2015 will not exhibit the same year-over year strength as the prior two quarters. The Company currently expects the results for the two quarters to not exceed the prior year, due predominately to factors affecting the Company’s wild bird feed business. Wild bird feed sales and margins are expected to be negatively impacted by lower product pricing, related to lower raw material costs and competitive pressures.

For earnings history and earnings-related data on Central Garden & Pet (CENT) click here.

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