Central Garden & Pet Co (CENT) stock soared 7.55% in pre-market trading on Thursday, following the company's strong first-quarter results and reaffirmed fiscal 2025 guidance.
The company reported robust growth in both earnings per share and net sales for the quarter, driven by disciplined cost management, easing inflationary pressures, and robust growth in e-commerce sales. The new distribution center in Covington, Georgia, has also increased efficiency and reduced the distribution footprint.
While CENT anticipates a softer second quarter due to timing of shipments and promotions, the company remains confident in its strategy and outlook. It reaffirmed its fiscal 2025 guidance for non-GAAP EPS of $2.20 or higher, citing ongoing efforts to mitigate challenges such as consumer pressure, competitive promotions, and potential impacts from extreme weather patterns.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.