Central Garden & Pet Q3 Earnings Call Highlights
Central Garden & Pet (NASDAQ:CENT) reported Q3 organic sales growth and margin expansion. Pet sales fell 19% to $400M due to a distribution exit, while organic pet sales rose 2% to $380M. Pet non-GAAP operating income fell 2% to $76M; margin rose 320 bps to 19%. Garden sales rose 3% to $482M; margin improved 70 bps to 18.9%. Central agreed to buy 80% of TRIXIE for €340M plus up to €60M earn-out.





